Setting Up A Unit Trust To Invest? Be Careful Many SMSF trustees explore non-geared unit trusts as a way to hold collective investments—especially residential or commercial property—because these structures can…
Pro-Super Releases New Deed With Dispute Resolution Procedures Pro-Super has just released our latest SMSF deed upgrade, with comprehensive dispute resolution procedures. The default position for all trusts (including super…
LRBAs - Does the Bare Trustee Need to Prepare Accounts?This is a quite reasonable question. Remember that, under a bare trust LRBA, the bare trustee (usually a company) holds legal…
Are Undistributed Unit Trust Distributions “Loans”?It is standard practice in many accounting firms to place any undistributed profits from a family or unit trust into a beneficiary loan account, as…
Can A Super Fund Run A Business?For years, the unofficial answer to this question has always been, “No, because it would breach the ‘sole purpose test’, which requires that the…
How Does a Child Under 18 Years of Age Become a SMSF Member, if They Need to be a Trustee?A SMSF may establish a member’s account for a child under…