The outlook of SMSF trustees should be increasingly positive as a result of the government’s declaration of support for the key principles of superannuation and increased ATO and Australian Securities and Investments Commission (ASIC) sector surveillance, according to the SMSF Association.

The industry and major political parties needed to take a common-ground approach to dealing with the many challenges facing the superannuation sector, especially complex SMSF issues, the opposition financial services and superannuation spokesman Bernie Ripoll has said.