The Australian Bitcoin Podcast is focused on Australian bitcoin and privacy content, including educational episodes, recent news, and guest interviews.

Thanks to our guest: Zoe from www.smsfwarehouse.com.au (www.superannuationwarehouse.com.au)

Host: https://twitter.com/mission_bitcoin

Sponsored by HardBlock: https://www.hardblock.com.au

- Who is Zoe and what does SMSFWarehouse do?

- What is a self-managed superannuation fund? How does it differ from standard retail or industry super funds?

Walkthrough:

- Step 1: Choosing a SMSF Administrator (or changing to a new one)

- Step 2: Establishing the fund (eg, choosing individual or corporate trustee setup, completing the right documentation, establishing a fund investment strategy)

- Step 3: Setting up a SMSF bank account (eg, using the SMSF name, tax file number, and Australian business number)

- Step 4: Setting up a SMSF Hardblock account (similar to the bank account step above)

- Step 5: How to roll-over existing superannuation into your new SMSF, or make fresh contributions to the SMSF

- Step 6: Deciding how / where to store your bitcoin (eg, self-custody vs exchange vs third-party custody service)

- Step 7: Buying bitcoin from the exchange (and keeping appropriate records)

- Step 8: Withdrawing bitcoin from the exchange to self-custody (and again, keeping appropriate records)

- Step 9: Completing the annual lodgement process (e.g., summarising buy, sell, and withdrawal records; proving ownership of the bitcoin; and passing the sole purpose test)

FAQs:

- Can you have a majority (or full) allocation in a SMSF to bitcoin? How is it justified in the context of the diversification obligation? 

- Can an investment strategy be changed (eg, adding bitcoin to a fund that previously couldn't hold bitcoin, or increasing your allocation of bitcoin?

- Do you need to indicate which exchange you'll buy from in your investment strategy document?

- Can you go to a new SMSF administrator or auditor or are you stuck with who set it up?

- What is the "sole purpose test" and how to pass it?

- How to prove ownership if self-custodied bitcoin at audit time?

https://www.hardblock.com.au/SMSF-bitcoin-investment