Change of SMSF trustee

Including changing trustee of an SMSF from an individual to a corporate trustee, or to change a corporate trustee to an individual, with no change of member.

Including changing trustee of an SMSF from an individual to a corporate trustee, or to change a corporate trustee to an individual, with change of member.

This FAQ outlines key questions that must be taken into consideration when appointing a trustee or director in a SMSF.

This document appoints an individual as an additional trustee or to appoint an individual as an additional director of the corporate trustee. This document is not suitable for the purpose of appointing a company as the corporate trustee. It is not suitable where third parties such as Banks require the appointment of the trustee by way of a deed.

This document set effects the resignation of an individual as a trustee or to effect the resignation of an individual as a director of the corporate trustee. It is not suitable for the purpose of removing a company as the corporate trustee.

Changing the trustee of trust can be complicated by various issues. For advice in changing the trustee when the circumstances are complex and including a change in membership of the fund should it be required.