SMSF - Update Rules

This kit provides you with all the formalities to update the Rules of a
Self-Managed Superannuation Fund (SMSF) that is compliant with the Superannuation Industry (Supervision) Act 1993.

The kit contains:

1. A SMSF Deed of Variation and updated Rules of the Fund,
2. Various minutes of the trustee/s meeting,
3. Product Disclosure Statement (PDS),
4. Investment Strategy, and
5. Register of Members, Member Application and Death Benefit Nomination (if applicable).
   

Why Update my SMSF rules?

There are a number of reasons why it can be appropriate to update the rules of a SMSF, some of these include:

• Many professionals that will work with the SMSF feel more confident with rules that are more recent,
• Changes in law can provide broader *or* more narrow options that are appropriate to be reflected in rules and allow the reader to be more up to date with the SMSF,
• New ways of thinking in managing, investing and planning SMSF’s require new more recent rules,
• Modernising rules can enable the members and the trustee to directly tailor aspects of their SMSF for them.

Checklist is not available for this document.

Sample is not available for this document.

SMSF Details
• What is your Super Fund's name?
• What are the changes to the Super Deed?
• Please DON'T use a Post Office Box
• What address should I use?
• Will I need to get my new document "stamped"?
• Will I need to get my new document "stamped"?
Name of Trustee
• Trustee type: Company or Individuals?
• The names of the individual Trustees
• Trustee Company Name
• Trustee Company ACN

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SMSF Details

• What is your Super Fund's name?

  Please enter the full name of your SMSF. Do not put "the" before or "Fund" after the name of your Super Fund.
  
  For example:
  
  "John Smith Superannuation" for John Smith Superannuation Fund
  
  "Nicholson Family Superannuation Trust" for Nicholson Family Superannuation Trust Fund
  
  "Hutton-Grieve Super" for Hutton-Grieve Super Fund
  
  Usually, you can find the full name of your SMSF on the title page of your SMSF deed, on the front page of the deed or at the back in the Schedule to your SMSF deed.
  

  This hint is provided by Law Central Legal.

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• What are the changes to the Super Deed?

  The changes to be made to your SMSF Deed will depend on the nature of the intended change. The changes may include, for example, a change of trustee or an amendment to the governing rules of the Fund.

  This hint is provided by Law Central Legal.

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• Please DON'T use a Post Office Box

  So that the minutes of meeting can be formally prepared we commonly identify the place of the meeting to be the usual place of address of the SMSF. This is why we need a physical address, not a Post Office Box number.
  
  The address could be your home or office or perhaps the office address of your accountant or adviser. Please identify what is practical for you.
  

  This hint is provided by Law Central Legal.

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• What address should I use?

  A single address is required in the Trust Deed and will serve as the address of the Fund for all trustees.
  
  The address provided in the Trust Deed is not recorded anywhere else.
  
  The individual contact addresses for each Trustee may be required upon registering your SMSF with the Australian Taxation Office. You may also provide the addresses of your professional advisers on your Australian Taxation Office registration forms who may receive notices on your behalf if you choose.
  

  This hint is provided by Law Central Legal.

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• Will I need to get my new document "stamped"?

  The requirements are different in each state. Please refer to "Useful links" for your free SMSF Duty kit. You can access "Useful links" once your order has been processed.

  This hint is provided by Law Central Legal.

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• Will I need to get my new document "stamped"?

  The requirements are different in each state. Please refer to "Useful links" for your free SMSF Duty kit. You can access "Useful links" once your order has been processed.

  This hint is provided by Law Central Legal.

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Name of Trustee

• Trustee type: Company or Individuals?

  If the Trustee of your Super Fund is a company, then click on "Company".
  
  If the Trustees of your Super Fund are individuals, then click on "Individuals".
  

  This hint is provided by Law Central Legal.

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• The names of the individual Trustees

  Please enter the full names of the individual trustees of your SMSF. There can be between 2 and 4 individual trustees of your SMSF.
  
  For example:
  
  Mary Jane Smith
  
  Michael Henry Hudson
  
  Cheryl Johns
  

  This hint is provided by Law Central Legal.

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• Trustee Company Name

  Please enter the name of the company that is the trustee of your Super Fund. Put in "Pty Ltd" (Proprietary Limited) after the name.
  
  For example:
  
  Accountants United Pty Ltd
  
  Australia Airlines Pty Ltd
  

  This hint is provided by Law Central Legal.

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• Trustee Company ACN

  Please enter the ACN (Australian Company Number) of the company that is the trustee of your SMSF.
  
  Every Australian company has an ACN. It is a unique 9-digit number. If you are not sure what the trustee company’s ACN is, you can do a search for the ACN (if you know the company name) at www.asic.gov.au.
  
  Please do not put any spaces between the numbers, or any brackets. Just put in the numbers in the order that they appear in the company ACN.
  
  For example:
  
  123456789
  

  This hint is provided by Law Central Legal.

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This document has been prepared by the law practice Law Central Legal

Liability limited by a scheme approved under Professional Standards Legislation