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As a trustee of a SMSF it is very important you are aware of your obligations.
The responsibility that comes with being the trustee of the SMSF is significant. The primary concern of the trustee is the management of the fund for the benefit of members for their retirement. It is also importance to ensure that fund assets are held in trust and invested on behalf of the members.
All trustees are equally responsible for managing their SMSF to make sure that it complies.
Trustees are also required to review of the fund’s investment strategy on a regular basis. They should consider insurance for members as part of the fund’s investment strategy and value the fund’s assets at market value to ensure that financial accounts and statements are accurate.
Our team will clearly and simply explain your rights and obligations as a trustee of a SMSF to ensure the fund is properly managed and complies with the law.