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The latest Australian Taxation Office statistics show the nation’s self-managed super fund (SMSF) sector has grown to over 610,000 funds as of 30 June 2023, marking a 4.2% increase from the previous year.
The total assets held by SMSFs were valued at nearly $876.5 billion, averaging $1.45 million per fund.
The five most common assets within these funds are:
* Listed shares (28%)
* Cash and term deposits (18%)
* Unlisted trusts (12%)
* Non-residential real property (10%)
* Limited recourse borrowing arrangements (7%)
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