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Collectables


 
 
Definition of Collectables

Physical Metals are deemed to be Collectables if their value exceeds their face value and they are traded at a price above the spot price of their metal contents. Where in doubt as to what constitutes a Collectable we strongly advise you to seek clarification with the ATO directly.

Generally investing in Physical Metals that have no Collectable Value (for example Physical Metal Bars) will not be defined as a Collectable Investment.

However, where the Physical Metal has a Collectable Value and hence falls within the definition of a Collectable then the more onerous Collectables Rules will apply. This means that the Metals cannot be stored in the private residence of the Member or an associate of the Member and the Metals must be insured in the name of the SMSF within 7 days of the Metals being acquired.


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