Accidental vesting of an SMSF

From

In essence a self-managed superannuation fund is a special form of trust and satisfies general trust law as the assets of the fund are held on trust by a trustee

continue reading

What to consider when updating SMSF trust deed

From

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

continue reading

Can an SMSF sell a collectable to a related party?

From

Can SMSF trustees sell a collectable (artwork) to a relative and does it require a valuation report? John and Mary’s SMSF has purchased a collection of artwork as an allowable investment

continue reading

Are you up to speed on the latest process to rollover a member of an SMSF?

From

Rollovers from one SMSF to another must comply with the technical requirements. Elizabeth Wang from Townsends Law has summarised those requirements to save you time. John and Mary have an

continue reading

What happens when the last surviving trustee dies?

From

Mary being the sole individual trustee of her trust has recently passed away. Her daughter Sarah is her executor. Because Mary was the sole individual trustee of the trust this

continue reading

Buy your retirement home now in your SMSF and use it when you retire?

From

Garry and Betty are the directors of the corporate trustee of their SMSF.  They are contemplating acquiring a property through their SMSF, which they plan to lease to an unrelated

continue reading

Five traps for SMSFs buying off-the-plan

From

John and Mary are looking to acquire an off-the-plan property through their SMSF. They need to consider the five following points. 1. Purchaser named on the contract It is important

continue reading

Electronic company document execution

From

Electronic execution of documents is bedevilling lawyers across the country because of the complex interweaving of various statutes and the common law. John and Mary have an SMSF and are

continue reading

What trustees need to consider in closing an SMSF

From

What do trustees need to consider when winding up an SMSF? Mary is the sole member and one of two individual trustees of her SMSF – the other being her

continue reading

Do bushfires + financial hardship = early access to your super?

From

Given all the talk about the dreadful bush fires you’d be forgiven for thinking victims could access their super to help with their recovery.  Think again, as Elizabeth Wang reports.

continue reading