News : Documentation

Print trust deed until all states go electronic

April 2, 2020

NSW has moved ahead of other states and territories with electronic trust deeds, but trustees should still opt for paper until the move is universal.

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Documentation

Choose wisely to avoid document subpoenas

April 1, 2020

Jason Spits

Being able to prevent legal access to documents is a value-add lacking in some document providers and cannot be offset by lower cost, according to a legal firm.

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Documentation

Bushfires spotlight documentation issues

March 2, 2020

Darin Tyson-Chan

Actions to remedy lost or destroyed SMSF documentation have come to the fore as a result of the recent bushfires and floods across the nation, according to a technical expert.

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Documentation, Superannuation

Ordinary company not for corporate trustees

January 13, 2020

Jason Spits

Corporate trustees should only be using special purpose company structures and failing to do so may be considered a breach of superannuation regulations.

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Administration, Documentation

Asset specific corporate trustees optimal

December 18, 2019

Tharshini Ashokan

‘Asset specificity’ is the key advantage a purpose-built corporate trustee would have over a non-specific, existing company being appointed an SMSF corporate trustee, an SMSF legal expert has said.

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Documentation

SOA, investment strategy separate documents

October 28, 2019

Darin Tyson-Chan

A statement of advice should not be used as an SMSF investment strategy, regardless of the asset allocation information contained in it, according to an expert panel.

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Documentation, Estate Planning

Make death benefit nominations fund specific

October 28, 2019

Tharshini Ashokan

The legal competency of fund members and the make-up of their SMSF must be taken into consideration by trustees when setting up binding death benefit nominations, an SMSF expert says.

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Documentation, Pensions

Estate planning conflict not always present

October 9, 2019

Darin Tyson-Chan

A binding death benefit nomination and a reversionary pension can both exist within the same estate plan without the need for one to trump the other, a specialist document provider has said.

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ATO, Documentation