SMSF rules (SIS Regulations) apply to collectibles such as art and jewellery. They also deem bullion coins in your SMSF to be ‘collectibles’ (and therefore subject to SIS Regulation 13.18AA) which relevantly requires them to beindependently stored in a secure storage facility.
As you may be aware, there has been a strong trend of opening Self Managed Super Funds (SMSF) in Australia. Along with SMSF, there is evidence of holding precious metals (gold and silver) bullion or allowable valuable collectibles within them as part of a more balanced Super portfolio. While a preferred option for many, SMSF does come with its own set of rules and conditions for compliance.
If you are a Trustee for your Self-Managed Superannuation Fund (SMSF), you may be already aware of your increasing obligations when managing your SMSF’s investments; be it gold bullion, silver bullion, fine art, antiques, collectibles or diamonds.
Here’s an overview of these conditions.
When you get a licence for a safe deposit box at Kuber Vaults, you can rest assured that your valuable are safe and secure, and yet within your easy reach.
Kuber Vaults provides you access to your valuables 7 days a week. We also offer you after-hours access to your Safe deposit box. Conditions and charges apply.
The premises of Kuber Vaults has 24-hour CCTV for constant surveillance of the facility and to ensure complete safety of your valuables.
A safe deposit box is a safe and convenient place to store important items that would be difficult or impossible to replace. The safe deposit box also offers privacy and security. While many people like to keep valuables close by in a closet at home or in an office, these places probably are not as resistant to fire, water and theft.
Kuber Vaults offers a premium service, with free access to your safe deposit box 7 days a week. Unlike other providers, we are located in the Hills area and ideal for customers living in western Sydney.
Kuber Vaults has a Liability Policy. As part of your Licence privileges, the fee includes an insurable interest to the value of $10,000. Insurance in excess of this is simple and can be arranged by talking to our friendly staff
Government legislation prohibits firearms, liquids and illegal drugs to be stored in safety deposit boxes.