The SMSF Association has made a white label document available to its members to assist them in the review of trust deeds in light of the super reforms introduced on 1 July, particularly to address benefit payments and estate planning.

An SMSF is a type of trust that, like all trusts, is ‘run’ by its trustee. Case law tells us that one of the most fundamental duties of a trustee is that they obey the rules of that trust. The rules of the trust (sometimes referred to as the governing rules) are usually found in or annexed to the trust deed.