If your trust deed was prepared quite some time ago, it may be time to update the governing rules of your SMSF trust deed. Doing so means that you can have peace of mind in knowing that the rules are current.
Trust deed
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?
Electronic company document execution
Electronic execution of documents is bedevilling lawyers across the country because of the complex interweaving of various statutes and the common law.
Your SMSF running a B&B? You’re dreaming
Robert and Mary want their SMSF to buy a B&B which they’ll run until their retirement.
SuperCentral asks Trustees: Where is your trust deed?
Document provider, SuperCentral, gets calls from SMSF clients weekly asking where their trust deeds are stored. Peter Townsend from SuperCentral said that he sometimes feels like he is running a detective agency.
When an SMSF trust deed contains errors
We often get asked by our clients, what can be done when their SMSF Trust Deed contains a mistake or typo. Formalities are necessary and a deed of rectification may be the only effective way of fixing the problem. A deed of rectification is a very important document that acts to clean up, what can […]
Is your SMSF trust deed up to date?
The end of financial year is fast approaching and in light of the Fair and Sustainable Superannuation Changes it’s important for trustees to be assured their SMSF trust deed is up-to-date and compliant. Case study: Daniel is a trustee of an SMSF. Accordingly, he is only permitted to act in accordance with the powers afforded […]
Court holds non-lapsing BDBN not binding
An application by the Trustee of a public offer fund that a non-lapsing BDBN made by a member of the fund was not binding on the Trustee due to the subsequent occurrence of a disqualifying event has been upheld by the NSWSC. The trust deed specified that the nomination was only binding if the Trustee […]