Contribution acceptance resolution (downsizer contribution - contributor for self)

A downsizer contribution is a superannuation contribution which is made from the sale proceeds of a property (ie real estate).  The contribution must be made by the person who is the owner or part owner of the property.  The property must be the current or a former home (ie main residence) of the owner.  The contribution can be made by an owner for themselves or for their spouse

$88    single use | no legal review

For more detailed information on contributions please click here

This resolution applies only to downsizer contributions made by an individual for themselves, where:

(a) the contribution is in cash (and not by the transfer of property);

(b) the individual has provided his or her tax file number;

(c) the individual is an Australian resident at the time of making the contribution; and

(d) the individual is, at the time of making the contribution, aged 55 years or above.

This resolution is not suitable if any of the requirements listed in 1(a)-(d) are not satisfied.  It is also not appropriate for concessional contributions, non-concessional contributions, rollovers, transfers or contributions made from personal injury settlements or contributions relating to the 15 year or to the retirement CGT small business concessions.

This resolution can be used by both corporate and individual trustees.

This document set includes:

• Background notes to contributions
• Written resolutions

Please note:  the online order form provides a completed set of populated documents for one member only.   If you would like to make an order for a second member please submit another set of instructions.

For further information or advice please call the SUPERCentral Help Desk on 02 8296 6266, we would be pleased to assist.