From www.dbalawyers.com.au: As of June 30, 2024, there are over 625,000 self-managed super funds in Australia, representing a 4.5% increase from the previous year, with total assets reaching $990.4 billion.

The report indicates that SMSFs paid out $43.8 billion in benefits during 2022-23, and 70% of these funds now operate with corporate trustees.

Contraventions reported to the ATO included 41,200 instances, with loans or financial assistance to members being the most common violation.