Establishment of new SMSF trust deed - individual structure
SMSF deed - individual structure | 1st year annual update fee | complimentary hard copy folder
Product type: fixed price e-form | no legal advice or review
Price: $357.50
When setting up an SMSF with an individual trustee structure, all members act as trustees this offers more direct control but also imposes individual legal responsibilities. However, opngoing legal obligations remain, including trustee updates and ensuring the SMSF trust deed is current.
This structure typically has fewer costs than a corporate structure making it a popular choice for smaller funds.
Why choose SUPERCentral?
When trustees have their SMSF deed on SUPERCentral, they only ever need to sign one set of documents and the fund's Governing Rules are automatically and regularly updated whenever significant legislative or SMSF practice changes occur.
This unique update process ensures that SUPERCentral SMSF funds are always fully up-to-date and compliant, and serves to mitigate both advisor and SMSF DIY trustee risk.
In addition many advisors choose to update all of their funds on SUPERCentral to take advantage of major opportunity time and cost savings.
SUPERCentral's Governing Rules
In drafting and updating the funds Governing Rules, five principles have been applied; the rules should:
- expressly authorise the trustees and the members to undertake any SMSF strategies permitted by law;
- be always current and up-to-date;
- not impose any constraints over and above those required for complying fund status; and
- permit trustees to qualify for any relevant stamp duty/transfer duty concessions which are available under State law.
- When your trustees have their SMSF deed on SUPERCentral, they only ever need to sign one set of documents; and
- then the fund Rules are regularly updated to ensure that their SMSF remains fully compliant.
SMSF deed update
The patented SUPERCentral SMSF deed update process is underpinned by a monthly legal review of legislative or regulatory changes (if any) and the funds governing rules are then automatically updated when required.
For existing SMSF deeds alternate options such as a standard conversion without legal review may also be considered, or if in the event that a member no longer has the capacity to serve as a trustee, then an Enduring Power of Attorney can be put into place to assist.
SUPERCentral also provide a comprehensive range of SMSF advisory, legal review, SMSF rectification and lost deed services, that no other SMSF deed provider in the market today can match.
For assistance or for further information, please call the SUPERCentral Help Desk on 02 8296 6266, or make an enquiry