Can an SMSF Buy a Caravan Park in Australia?

Quick Answer

Yes, an SMSF can buy a caravan park, but it must comply with the sole purpose test under the Superannuation Industry (Supervision) Act 1993 (SIS Act). This means the investment must be made to provide retirement benefits to members. Due diligence, including understanding the specific rules around related parties and in-house asset limits, is crucial.