An SMSF can redirect an in specie benefit payment to anyone chosen by a member, but this may not sidestep stamp duty or sole purpose test considerations.

Despite an industry trend to add more people to an SMSF, having separate funds may create a simple way to manage death benefits for married couples.

SMSF practitioners and service providers may consider disregarding Design and Distribution Obligations (DDO), but a legal expert has advised funds may fall under those requirements.

Directors of an SMSF corporate trustee who do not obtain a director identification number may be kicked out of their fund and face ASIC action.