SMSF Deed and Update
SUPERCentral is a leading SMSF provider dedicated to accountants and financial planners. Our SMSF documentation is provided by the specialist SMSF law firm, Townsends Lawyers, and is always of the highest standard.
The SUPERCentral Governing Rules has been drafted by our SMSF specialist lawyers at Townsends Business & Corporate lawyers. The Governing Rules are regularly reviewed by the SMSF specialists at Townsends (at least four times a year and as and when significant legislative or SMSF practice changes occur). As a result of the regular reviews, the Rules have been updated 18 times since 2006.
In drafting and updating the Rules four principles have been applied – first, that the Rules should expressly authorise the trustees and the members to undertake any SMSF strategies permitted by law; second that the Rules should be current and up-to-date; third that the Rules should not impose any constraints over and above those required for complying fund status; fourth that the Rules should permit trustees to qualify for any relevant stamp duty/transfer duty concessions which are available under State law.
The Rules have previously been amended to permit the trustee to undertake limited recourse borrowing, to accept in specie contributions of real estate in a manner which qualifies for transfer duty concessions and to undertake complying pension re-structures and which permits members to implement non-vanilla binding death benefit nominations and change the reversionary beneficiary status of pensions without being required to stop and restart the pension.
Additionally, trustees have the advantage, ease and comfort of the automatic updating of their Governing Rules to the current version as and when the Governing Rules are updated.
We are not a simple document provider. Every SMSF deed and online document that you order through SUPERCentral is legally reviewed to offset non-compliance risk. This process takes a little longer, but it is not expensive, and importantly ensures that your clients' SMSF Deeds and documentation is not only up-to-date but also closely integrated and highly professional.
Leading SMSF Platform
Using our leading technology, you can:
- set up or convert an SMSF
- register or change the corporate trustee
- apply for ABN/TFN registration;and
- create a Macquarie Cash Management Account application
- all in the one easy online form.
SUPERCentral members are also provided with complimentary technical advice and an extensive tool kit of SMSF supporting documentation at no charge.
Regular Deed Update
SUPERCentral's SMSF lawyers audit the SMSF sector regularly and then automatically updates all SUPERCentral funds Governing rules whenever required by changing regulations, legislation and SMSF practice.
Amendments to the Governing Rules then automatically flow through to each participating fund. Unlike other deed providers, no trustee signature is required and once your trustees have their fund on the SUPERCentral system you no longer have to convince them of the importance of updating their deed.
Major Opportunity Cost Savings
Having all your SMSF deeds on the one set of governing rules at all times also provides significant opportunity cost savings as Advisers don't need to review each deed before meeting with a client and auditors only need to familiarise themselves with one set of governing rules. You can also provide auditor access to selected funds through your firm's account page at any time.
These key differences in service delivery provide a compelling, compliance, time and cost efficiency business case for firms using SUPERCentral as their preferred SMSF supplier.
SUPERCentral Member Services
Value added member services include:
SMSF technical and legal support line (complimentary)extensive tool kit of supporting SMSF documentation (complimentary)quantity pricing rebatesbundled pricing rebatesbulk conversion service, in your office or in oursSMSF advisory and remediation servicesadviser based estate planning service (EPA)
For more information or assistance please call SUPERCentral on 02) 8296 6266 or email firstname.lastname@example.org