Trustee’s Fiduciary Responsibility in the Management and Administration of a Self Managed Super Fund
The recent case of Shail Superannuation Fund v Commissioner of Taxation highlights numerous important aspects regarding the management and administration of a self managed superannuation fund (SMSF) particularly a trustee’s fiduciary responsibility. It has always been our view that a corporate trustee is the best option. Utilising individual trustees is possible and certainly popular –...