Provide an "authority to leave" for my parcel ?
An SMSF is not for everyone, and before you create your Fund we recommend you take note of the information below. Section 17 of the Superannuation Industry (Supervision) Act provides definitions and conditions for what constitutes a Self-Managed Super Fund. You can find the relevant section in the Superannuation Industry (Supervision) Act 1993
As a general summary, SMSFs can be Multiple Member Funds or Sole Member Funds and each type can adopt either Corporate or Individual Trustee structures. Read more about the different types of SMSFs
Becoming a Trustee of an SMSF is an important decision that carries certain duties and responsibilities. The primary concerns being the management of the Fund for the benefit of Members for their retirement and ensuring Fund Assets are held in Trust and invested on behalf of the Members.
For more information refer to the Australian Tax Office and our FAQs.
This summary is general in nature; it is not exhaustive and does not consider the individual circumstances of the reader. It should not be confused with professional advice and should not under any circumstances be relied upon. Patricia Holdings cannot guarantee its accuracy and we strongly recommend that professional advice be sought before creating a SMSF.
Not a member yet?Register now
Our Help Centre provides more information on most common queries. If you would like to speak to one of our team please Contact us.
We take credit card fraud and cybercrime seriously. We will record your details including IP address and Port number during the payment process.
