An enduring power of attorney is the best way to address the incapacity of an SMSF trustee, but they are powerless unless applied correctly.

Alternatives to a binding death benefit nomination must achieve the same outcomes for members if they are based on a trust bound agreement between trustees and members.

SMSF practitioners have indicated they have a preference for a single framework for transfer balance account reports to be introduced.

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