This test is designed to demonstrate your SMSF and investment knowledge. It is important to score well in this test as a low score will demonstrate that you require further education before you can proceed to running a SMSF and the investment decisions required.
The questions will come from information is this guide and government resources mentioned in this guide.
All the proposed members need to take the test – together. Taking the test together will help each person understand each others level of knowledge and understanding.
There is no time limit on the test, however there is no save function so you must complete it in one sitting. It should take approximately 5 minutes. We will email you your results and correct answers.