Eligibility requirements for SMSF trustees or directors

All members of a self-managed super fund (SMSF) must be individual trustees or directors of the fund’s corporate trustee. Anyone 18 years old or over can be a trustee or director of a super fund as long as they’re not under a legal disability (such as mental incapacity) or a disqualified person. The ATO is also

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The special place for family trusts

  Trusts can be a very handy tool for managing one’s financial affairs, as well as estate planning. A trust is established whenever there is a separation of the legal ownership (for example, the name appearing on a business register or land title) from the beneficial owner of an asset (in other words, the person

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SMSF trustee disputes: The need for a resolution plan

Disagreements between the trustees of a self managed superannuation fund (SMSF) may not be a common occurrence, but it would be a safe bet to say they do crop up now and then. SMSFs that use a corporate trustee may have mechanisms to deal with dispute resolution through the Corporations Act or guidance gleaned from

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