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Instructions and form for SMSF trustees Trustee declaration To be completed by new trustees and directors of corporate trustees of self-managed super funds. Read this declaration in conjunction with.

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There are two SMSF trustee structures, one where the trustees work in their individual capacity and another where a company is appointed as the trustee. In both cases, it's the members who run the fund and as a general rule, all members are either trustees themselves or directors of the corporate trustee.

SMSF trustee obligations and penalties Exercise the powers of a trustee in the best interests of all present and future beneficiaries of the trust. Invent trust funds in investments that are not speculative or hazardous. Act impartially towards beneficiaries and between different classes of beneficiaries. Take advice.

Each member of the fund must be a trustee, and each trustee must be a member of the fund. A member cannot be an employee of another member – unless they are relatives.

The SISA states that as a trustee, you must: act honestly in all matters concerning your fund â–  act in the best financial interest of all members â–  not hinder any trustee from performing or exercising functions or powers â–  not access or allow others to access benefits early â–  retain control over your fund.

All members of the fund must be individual trustees or directors of the corporate trustee, so make sure they're eligible. Anyone 18 years old or over can be a trustee or director of a super fund so long as they're not under a legal disability (such as mental incapacity) or a disqualified person.

What is a Trustee? The Trustees control the SMSF and make all the Investment decisions for the SMSF. When you establish an SMSF you have a choice of whether to appoint Individual Trustees or a Company Trustee to act for your SMSF.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232