Trustees are required to be fully aware of their responsibilities and should ensure they are up to date in their knowledge. A website has been set-up to assist trustees to gain an understanding of their responsibilities and is a useful tool to explore, particularly before signing the Trustee’s Consent Form required for new SMSF’s. There is a link to the website below:
www.smsftrusee.com
Information can also be found on the ATO website under Self Managed SuperFunds:
www.ato.gov.au/superfunds
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Self Managed Super Funds Audits
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