The production of deeds should be no respecter of paper, with an SMSF legal expert urging the use of new paper deeds for every update and change.

A new package to assist advisers in the vesting or wind-up of an SMSF, discretionary trust or unit trust has been made available to the market.

The SMSF Association has called on its members to remind their clients to apply for a director ID number and has provided guidance on the steps to make that happen.

The value of good record-keeping by SMSF advisers and trustees has been proven by a recent Administrative Appeals Tribunal appeal.