Mary being the sole individual trustee of her trust has recently passed away. Her daughter Sarah is her executor.
Townsends Law
Watch out for ATO penalty units
The ATO can impose administrative penalties on individual trustees and the directors of corporate trustees if they contravene certain provisions of the Superannuation Industry (Supervision) Act 1993 (SISA).
Hands off! Getting money back from a trustee
What happens when a trustee places the beneficiary’s money into their own account?
The 6-member super fund is for more than just big families
Jumbo funds may open the opportunity for self-managed super to be seen more as an asset holding structure rather than simply a tool for families.
Can an SMSF member with a majority interest expel another member?
If there is an unfortunate falling out, can a member with majority interest in the SMSF expel another member?
Employees can undermine your business sale
The buyer of your business will not only want to be sure that you don’t compete with the business after the purchase, but that your employees don’t either.
Securing assets of an SMSF for the short term
You see a property that you want in your SMSF but there’s no time to arrange a bank loan before you must finalise the purchase or miss the property. Let’s lend the money ourselves and then refinance shortly thereafter.
Choosing an investment structure to meet in-house asset rule
An SMSF investing with a related party must be careful not to breach the in-house asset rule.