Despite government moves to allow the use of electronic signatures, their application in the SMSF space will still be fairly limited.

Superannuation law and other pieces of legislation do not allow the use of scanned copies of documents as an official record for a fund.

SMSF trustees may be limited in their use of any measures allowing the use of digital signatures to approve fund documents due to their email set-ups.

SMSF practitioners should not believe the myth that every client’s TBC indexation needs to be calculated as the new figure will never be relevant for some of them.