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Little-known clause proves significant for SMSFs

SMSF practitioners have been cautioned that trust deeds failing to include conditional clauses for membership risk leaving their clients with costly legal battles and compliance breaches, an industry lawyer has warned.

Little-known clause proves significant for SMSFs
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Speaking to SMSF Adviser, DBA Lawyers director Daniel Butler said the SIS regulations make it difficult to remove members from an SMSF, because they don’t allow members to be removed unless there is written consent from the member.

Read the full story at SMSF Adviser.

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