How do I set up a Self-Managed Superannuation Fund (SMSF)?
There are a number of trust laws and legislative requirements relating to setting up a self managed superannuation fund (SMSF). If you wish to set up your own fund please contact us for further information. • Obtain a Trust Deed – The first thing you need to do is to have a trust deed. The deed must be dated and properly executed. Content contained in the deed is important in determining the structure and operation of the fund. • Appoint Trustees – All superannuation funds are required to appoint trustees. Trustees are responsible for ensuring the fund is properly managed and that it complies with the Superannuation Industry Supervisory Act and other legal obligations. To be a SMSF all fund members must be appointed as trustees of the fund. A SMSF can not have more than four members. To be a single member fund the trustee of the fund must be a body corporate and the member is one of only two directors of a single member body corporate. A SMSF can also be created if the member is one of
