You know an SMSF has passed its use by date when…

National Conference 2021

Significant time is taken on providing advice about the establishment and maintenance of SMSFs, but little time is spent ahead of time to identify when an SMSF should cease as it no longer serves to provide its members with an appropriate wealth management/succession/structural arrangement which is fit for purpose.

What are some of the “red flags” which practitioners need to be able to identify so they can continue to provide their clients with advice and/or support that is appropriate to the needs of the client or their family?

What happens when it is too late or there are complications which can cause potential harm to the SMSF, including insolvency of corporate trustee which is conducting a business.

At the end of the session, you will be able to:

  • Identify key issues or events which might be a call to action to review the future of the SMSF;
  • Understand some of the critical barriers to having a proper discussion with clients around these issues, and;
  • Understand protective behaviours for practitioners providing advice or support to SMSFs when these issues arise.

You know an SMSF has passed its use by date when...

Technical Paper 1

You known an SMSF has passed its use by date when...

Technical Paper 2

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association