SMSF deeds varied via the web - the risks!
22 Dec 05 |
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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Daniel Butler, CTA of DBA Lawyers, 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 ATO’s Superannuation Industry Relationship Network (SIRN), the Chair of the Tax Institute’s National Superannuation Committee, a member of the Law Institute of Victoria’s Tax Committee, and is involved with a number of other tax and SMSF committees and discussion groups. Dan 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.
- updated by Kathy Xu for Super Day 3180522
- Current at
30 April 2018