SPAA's Role

Investing in the industry's future

Your membership will influence the development and quality of the SMSF profession. SPAA plays an active role in achieving public and political recognition for the SMSF industry by presenting a unified voice for the profession with government, and advocating on behalf of our members.

More than $418 billion worth of assets reside in Australia's SMSFs or approximately 31% of total superannuation assets. Around 2,400 new SMSFs are created each month with an average member balance of approximately $477,000.

Currently no formal requirement is in place to practice as an SMSF advisor yet the industry is seeing a dramatic increase of people entering and offering advice to SMSF consumers. Industry professionals recognise the need to self-regulate as well as the need to raise the standards of professionals practicing in the highly complex SMSF field. SPAA advocates self-regulation and provides accreditation to its members. Continuing professional development, workshops, conferences and technical and daily updates support accreditation.

SPAA's comprehensive accreditation process means that professionals practicing in the SMSF field who have successfully completed the SPAA Specialist Accreditation Program, are endorsed and recognised as specialists in the industry.

SPAA's constant support, ongoing education and advice, means that our members can ensure their competency in this highly specialised field is relevant and up to date. As the SMSF consumer market continues to grow, consumers will increasingly demand a high level of expertise and actively seek out SPAA accredited advisors. SPAA's SMSF Specialist Advisors and SMSF Specialist Auditors are the SMSF practitioners of choice. SPAA has brand symbols that are widely recognised and demanded by SMSF consumers.