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SMSF deeds varied via the web - the risks!

Publication date: 22 Dec 05 | Source: CCH TAX WEEK

Issue: Issue 49 22 December 2005

Pages: pp. 1-3


The rapid increase in the number of self managed superannuation funds (SMSFs) in recent years has seen significant growth in demand for services that enable the updating of their trust deeds. This has led to some providers offering online production of superannuation trust deeds of variation.

While this facility may initially appear attractive, care must be taken as such services carry a number of significant risks. Advisers who are not legally quallified with a current legal practising certificate are taking substantial risks.

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Author profile

Daniel Butler CTA
Photo of author, Daniel BUTLER Daniel is one of Australia’s leading SMSF lawyers and has worked predominantly in the SMSF, tax and related fields for over 30 years. He is a regular presenter on SMSF topics and has published extensively in professional journals including contributing a monthly article on SMSFs to the Taxation in Australia and other media. Dan is a member of the Tax Institute’s National Superannuation Committee and is involved with a number of other tax and SMSF committees and discussion groups. Dan also presents on the subject Taxation of Superannuation at the University of Melbourne’s Master of Laws/Tax program. Dan is also a Specialist SMSF Advisor. - Current at 04 August 2020
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