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.

An enduring power of attorney could be invalid if there is a significant time difference between the proposed start date for the role and the date of its acceptance.