Crypto tax reporting your SMSF auditor will actually love.
Australian made and owned, Summ reconciles complex on-chain activity, multi-exchange transfers, and DeFi into a single SMSF-ready record.
Trusted by Australian crypto accountants and tax agents
why work with us
SMSF Audit Report
Every transaction, valuation, and cost basis decision in one defendable document. Built to be handed straight to your auditor.
Accountant Software Integrations
Direct integration with BGL Simple Fund 360. Your fund data flows into your accountant's workflow without the manual CSV transfers.
Approved Auditor Network
A growing network of SMSF auditors fluent in crypto. So your fund is reviewed by people with on-chain expertise.
Market Valuations @ 30 June
The ATO wants transparent, reputable AUD valuations at 30 June. Summ pins them automatically for every asset your fund holds. One source. One method. One defendable number.
Full On-Chain Coverage
DeFi, staking, airdrops, LPs, NFTs. Categorised under ATO rules for SMSFs which Summ was built to handle.
CGT Discount Support
SMSFs get a 1/3 CGT discount on assets held over 12 months. Summ tracks every holding period and applies the discount where it belongs. So the fund pays what it owes, and not a cent more.
Slots into your SMSF accounting stack
Direct integrations with the platforms your accountant already uses.
Your crypto data lands where it belongs, in the format they expect.
BGL Simple Fund 360
Audit Report
SMSF-Friendly Exchanges
Where Aussie SMSFs actually trade
These exchanges support dedicated SMSF accounts and sync directly to Summ. A few clicks, and the fund's trading history is reconciled and ready.
CoinSpot
Swyftx
Cointree
Independent Reserve
BTC Markets
Coinbase
CoinJar
Kraken
OKX
Coinstash
Get a specialist
in the room
Running an SMSF with crypto isn't always straightforward. Browse our directory of vetted Australian crypto accountants who specialise in SMSF compliance, audits, and reporting.
Frequently asked questions
Yes. Bitcoin and other crypto assets are legal investments for an SMSF, provided your trust deed allows it and the holding aligns with your fund's investment strategy. You'll also need to satisfy the Superannuation Industry (Supervision) Act 1993, including the Sole Purpose Test.
Get a licensed SMSF specialist to sign off before you add crypto to the fund. This is one of those moments where free advice is the expensive kind.
Yes. Every SMSF requires an annual audit by an ATO-approved SMSF auditor, regardless of what's inside the fund. Crypto adds complexity because auditors need clear records of ownership, valuations, and transaction history. Summ generates reports built for exactly this conversation.
All SMSF assets must exist for one reason: to fund members' retirement. No trustee or member can take personal benefit from the fund's crypto before retirement. That means no personal trading, no using fund crypto as collateral, no quietly moving holdings into a personal wallet. The Sole Purpose Test is exactly what it sounds like.
The ATO requires SMSF assets to be valued at market as at 30 June each year, using transparent and reputable sources. Summ pins AUD valuations automatically for every asset your fund holds at year end. One method, one set of numbers, defendable if asked.
It needs to permit it. That can mean explicit mention, or broad enough language to cover it. Plenty of older deeds were drafted before crypto existed and don't say either way. Your SMSF accountant or lawyer can review the deed and update it if needed.
Generally, no. The SIS Act restricts SMSFs from acquiring assets from members or related parties, with limited exceptions. Crypto isn't currently on the exceptions list. Talk to a licensed SMSF advisor before you try this. The rules are stricter than they look.
Crypto in an SMSF is generally treated as a CGT asset. In accumulation phase, the fund pays 15% on income and capital gains. Assets held over 12 months may qualify for a 1/3 CGT discount, taking the effective CGT rate to 10%. In pension phase, assets supporting a retirement income stream can be tax-free.
Summ tracks every holding period and applies the right treatment in your fund's report.
Full transaction records (buys, sells, transfers, staking rewards, fees). Proof of ownership for every wallet and exchange account. AUD valuations at acquisition and at 30 June. Evidence the activity aligns with your fund's investment strategy. Summ consolidates all of this into a single, defendable report.
Yes, with conditions. The wallet must be in the name of the SMSF, not held personally by a trustee or member. SMSF assets stay strictly separate from personal assets. You'll need clear records and an audit trail proving the wallet belongs to the fund.
Staking rewards and airdrops are generally treated as ordinary income at the time of receipt, valued in AUD. They may also have CGT implications when later disposed of. Summ categorises both under ATO rules and applies the right treatment in your fund's report.
