Contribution acceptance resolution (downsizer contribution - contributor for spouse)
The purpose of the Written Resolution is for the Trustee to accept as a superannuation contribution a downsizer contribution made by the contributor for their spouse who is a member of the Superannuation Fund.
This resolution applies only to downsizer contributions made by a contributor for their spouse, where:
- the spouse is a member of the superannuation fund;
- the contribution is in cash (and not by the transfer of property);
- the spouse has provided his or her tax file number;
- the spouse is an Australian resident at the time of making the contribution; and
- the spouse is aged 55 years or above.
This resolution is not suitable if any of the requirements listed in 1 - 5 are not satisfied. It is also not appropriate for concessional contributions, non-concessional contributions, rollovers, transfers or contributions made from personal injury settlements or CGT small business proceeds.
This resolution can be used by both corporate and individual trustees.
For superannuation funds governed by non-SUPERCentral or non-Townsends Lawyers governing rules, please review the applicable trust deed and governing rules to determine if the template is suitable for the Superannuation Fund.
This document set includes:
- Background notes to downsizer contributions; and
- Written resolutions
© This document set provides a single use licence for one member - please submit a new set of instructions for an additional member
For further information please call the SUPERCentral Help Desk on 02 8296 6266 or make an enquiry