The relief measures provide:
- Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents the SMSF from breaching the residency conditions to be an Australian super fund.
- Rental relief where a COVID-19 reduction, waiver or deferral has been provided to a tenant.
- Loan repayment relief where relief is provided on commercial terms.
- In-house asset relief where the SMSF exceeded the 5% in-house asset threshold at 30 June due to the impacts of COVID-19.