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

The SMSF trust deed must contain particular clauses to ensure remaining monies in a single-member fund can be exited from the superannuation system.

SMSF practitioners crafting their own fund documents should question if they are doing their clients and practice a disservice.

The new TBAR timeframe to be introduced in the next income year is unlikely to see a seamless transition among SMSF trustees.

Advisers need to be conscious of a growing documentation gap in the SMSF sector due to the changing face of interpersonal relationships.

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.