Why Update?

We’re often asked by SMSF trustees and their accountants ‘Why should I update my trust deed?’ The answer is simple – to be sure that the trustee has all the necessary powers to comprehensively and legally administer the fund.

There are a number of dynamic areas which affect the operation of an SMSF trust deed, including changes to legislation (both Federal and State), changes to regulations, case decisions by the High Court and Federal Court, and industry practice, amongst others.   It is vital that the trust deed accommodates all these developments as changes to the law do not automatically give the trustees the necessary powers to benefit from those changes.

Using SUPERCentral solves the issue of updating SMSF’s, as the online system regularly updates the fund’s governing rules to ensure the fully effective operation and compliance of the fund.