Outdated terminology in trust deeds could impact an SMSF’s ability to wind up, a technical expert has pointed out.

The shareholding of the company acting as the corporate trustee for an SMSF is a crucial component in running a fund, but is often ignored.

The process of exiting individuals from an SMSF is something trustees should consider before deciding to add members to a fund.

Research and statistics have consistently endorsed the health and integrity of the SMSF sector, rendering persistent criticism of it unfounded.

The budget has corrected an administrative oversight removing a requirement for SMSFs to report fund information only relevant for retail and industry superannuation funds.

The fact superannuation changes announced in this year’s federal budget have been minor has been welcomed by the main financial services bodies.