Short answer? Yes. Managing a self-managed super fund (SMSF) involves strict compliance with superannuation laws and regulations. It can be equally, if not more, complicated. As a trustee, you’re personally responsible for making sure the fund is run correctly. Legal advice helps you understand your obligations, avoid penalties and make sure the fund is set up to meet your long-term goals. Don’t skip out on the right advice and leave yourself susceptible to complications down the track.