Little-known clause proves significant for SMSFs

SMSF practitioners have been cautioned that trust deeds failing to include conditional clauses for membership risk leaving their clients with costly legal battles and compliance breaches, an industry lawyer has warned.

by Shared by SMSF Adviser | 14 Mar, 2016

Speaking to SMSF Adviser, DBA Lawyers director Daniel Butler said the SIS regulations make it difficult to remove members from an SMSF, because they don’t allow members to be removed unless there is written consent from the member.

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