Australian Government regulations, Superannuation Industry (Supervision) Regulations 1993 and Superannuation Industry (Supervision) Act 1993, sanction the acquisition of rare coins and banknotes in Self Managed Superannuation Funds.
To ensure that your Fund is fully compliant with Australian Government Legislation, Coinworks provides the following services. These services are provided free of charge.
Coinworks provides secure Safety Deposit storage.
All purchases made through Coinworks are insured through Lloyds of London. In the case of a SMSF, the Evidence of Insurance, is issued in the name of the SMSF within seven days of the purchase, making the fund fully compliant with Australian Government Regulations for Self-Managed Superannuation Funds.
Valuations are automatically completed at end of financial year. Interim valuations are available on request.
NUMISMATIC INVESTMENT STRATEGY
It is the responsibility of the SMSF Trustee to determine the suitability of numismatic investment relative to the fund's goals. Coinworks can assist in the formulation of a Numismatic Investment Strategy.