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Hi Julia, good questions.

Yes they do arrange the audit. As for independence I contacted the ATO to ensure they were approved to be doing what they do before I signed up. I am yet to see what they actually do with this.

My comment was based on the service and advice offered to date. I am yet to actually have the audit but they have provided me with very clear advice and guidance to assist with compliance. The other implication of my comment was the ease of the set-up and the professional manner they dealt with the process. Very helpful and courteous as well.

I have made myself fully aware of the compliance aspects, with assistance from them and the ATO, I have no doubt my fund is compliant and I meet Trustee requirements. Also I am a certified auditor and will be watching them very closely to ensure they meet the strict auditing standards required.

If I have have any concerns at all, I have an exceptional accountant. I will simply engage him as he is a certified auditor. This is so important to my retirement plans if there is anything untoward I would simply report to the regulator and change. So far so good and no need for concern.

But that's me. So far my returns are exceptional and by far exceed the performance of my old fund, which is the main criteria of providing for fund members long term benefit in retirement.

Sorry for the long reply