A multifaceted approach is required with regard to SMSF documentation to ensure fund compliance and to limit professional risk.

The absence of a lease agreement for SMSFs renting property to a related party could have a disastrous impact on the fund’s compliance with superannuation laws.

The repeated use of the same trust or binding nomination document is untenable after a recent court case proved the value of a bespoke document.

Super splitting notices must be given in a specific order for trustees to avoid compliance breaches, despite not all regulations being applicable to SMSFs.