SUPERCentral legal services are provided by TOWNSENDS BUSINESS & CORPORATE LAWYERS
SMSF Conversion + Change of Trustee + Company Establishment (CCC)
$1,020.00 - $1,402.25
Under the new ATO Penalty Regime our clients are recommending to their clients with an individual SMSF trustee structure to change to a corporate structure where the maximum ATO penalty is $10,800 instead of $10,800 for each trustee.
To assist you to easily and economically transition your clients' SMSFs to a corporate structure, we are providing a special bundled service which allows your members to establish the company, change the trustee and convert to a corporate deed (standard or premium conversion) in one simple online form. You receive a substantial bundled product rebate, plus your firms QPS for significant savings.
Pricing
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Company Establishment Change of Trustee no change of member Standard Conversion |
Company Establishment Change of Trustee with change of member Standard Conversion |
Company Establishment Change of Trustee no change of member Premium Conversion |
Company Establishment Change of Trustee with change of member Premium Conversion |
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| CEST - Electronic copy* | 143.00 | 143.00 | 143.00 | 143.00 | ||||
| ASIC fee | 512.00 | 512.00 | 512.00 | 512.00 | ||||
| Change of Trustee | 192.50 | 302.50 | 192.50 | 302.50 | ||||
| Conversion Deed | 220.00 | 220.00 | 407.00 | 407.00 | ||||
| Annual Membership | 137.50 | 137.50 | 137.50 | 137.50 | ||||
| Price Incl GST | 1,199.00 | 1,315.00 | 1,392.00 | 1,502.00 | ||||
| Rebate - Conversion | -110.00 | -110.00 | -101.75 | -101.75 | ||||
| Rebate - COT | -75.00 | -75.00 | -75.00 | -75.00 | ||||
| Product rebate | -185.00 | -185.00 | -176.75 | -176.75 | ||||
| TOTAL (incl GST) | 1,020.00 | 1,130.00 | 1,215.25 | 1,325.25 | ||||
* For a hard copy company register - please add $77.00
Director identification number (DIN) guidelines
The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 amended the Corporations Act to introduce a director identification number (“DIN”) requirement. All directors of Australian companies, including corporate trustee directors of SMSFs are subject to this new DIN requirement.
Objective of this measure
The objective of this new measure is to promote good corporate conduct and assist regulators to detect and address unlawful conduct by requiring each appointed director of a registered body corporate to have a unique DIN.
Date of effect
The effective date of the relevant part of the legislation is 4 April 2021.
Application
From November 2021, all directors (or an alternate director who is acting in that capacity) of a company must apply for a director ID.
The due date for applying for the director’s ID depends on when the person becomes a director and is summarised in the table below.
Corporations Act directors
|
Date you become a director |
Date you must apply |
|
On or before 31 October 2021 |
By 30 November 2022 |
|
Between 1 November 2021 and 4 April 2022 |
Within 28 days of appointment |
|
From 5 April 2022 |
Before appointment |
Each director must personally apply for the ID themselves by submitting an online application or a hard copy application.
Accountants and advisors cannot apply for their clients' director IDs.
Detailed guidelines on how to apply for the ID can be accessed here: Click here to view or Click here to view video
SUPERCentral SMSF Timeline
Need to convince your client of the need to update their SMSF deed?
This important document lists all of the Legislation and Regulatory changes to the SUPERCentral Governing Rules from 2006 to today. To access a copy please click here
For further information or assistance, please call the SUPERCentral Help Desk on 02 8296 6266
Standard SMSF Conversion
Generally, most SMSF deeds are drafted with very wide amendment powers. However there is the possibility that the existing amendment provision is too narrow to allow a complete replacement of the Governing rules. Further, there may be particular provisions in the current deed which are of a particular benefit to the fund and which will not be replaced in the SUPERCentral Governing Rules. By using the SUPERCentral Standard Service you understand, accept and agree that SUPERCentral Pty Ltd and/or TOWNSENDS BUSINESS & CORPORATE LAWYERS will not be undertaking a legal review of the current provisions to determine whether these issues are relevant to the particular fund and are not liable in any way to any person for any detrimental effect of any kind caused by, arising out of or in any way relating to the supply of the Standard Service or the supply, execution or effect of a conversion deed prepared or supplied by SUPERCentral Pty Ltd and/or TOWNSENDS BUSINESS & CORPORATE LAWYERS pursuant to the Standard Service and any trustee of a fund using the Standard Service hereby releases SUPERCentral Pty Ltd and/or TOWNSENDS BUSINESS & CORPORATE LAWYERS from all liability thereafter.