There is currently legislation before Parliament to increase the maximum number of members of SMSFs from four to “not more than six”. When passed, the measure will commence from the start of the first quarter that begins after the Act receives Royal Assent.
members
SMSFs wanting 6 members – Townsends Law ready to assist
With 6-member funds likely to become a reality very soon, if you or your clients want to establish or vary their fund to accommodate 6 members we’re ready to help.
Townsend Lawyers is a leading independent law firm, specialising in commercial and business law, corporate advisory, tax, estate planning, superannuation, insurance, trusts and SMSFs.