SMSF trust deeds with unique clauses that may eventuate in the fund trustees having to take unwanted actions should be avoided.

The location and content of SMSF trusts should be known by trustees in order to resolve disputes if a document is lost or misplaced.

A bill recently tabled in parliament has brought trustees closer to the ability to approve SMSF documents without a physical signature.

Being certain what expenses create assessable income within an SMSF is a key starting point to ensuring the correct deductions are made.