An SMSF trustee who intentionally took no action to gain a non-retirement benefit will still be viewed as breaching the sole purpose test.

SMSF trustees need to be alert to the need to comply with the sole purpose test, with many contraventions often tied back to a failure to meet the test.

Evidence of dishonest conduct will not automatically disqualify an individual from being an SMSF trustee unless it is of a financial nature.