Top Navigation

COVID-19: Key documents

Documents:Description:
SMSF Deed Update
- click here for more information
To ensure you have an up to date SMSF deed to handle the latest strategies including:

  • Temporary access to $20,000 from super – click here

  • Minimum pension payments for FY2020 and FY2021 – click here

  • BDBNs – click here

  • Successor trustee/director – click here

  • Many more value-added features – click here

Change of trustee for SMSFs
- click here for more information
A corporate trustee is critical for smooth succession planning and to minimize penalties and liabilities.
For further information about corporate trustees – click here
For further information on trustees refer to the following articles:
Constitution Upgrade
- click here for more information
To have a constitution with the latest provisions enabling directors and shareholders to effect meetings and resolutions via technology (including video software, execute documents electronically and apply electronic signatures) and facilitate successor directors.
For further information about successor directors refer to the following articles:
Pensions- Reversionary or Non-Reversionary
- click here for more information on reversionary nominations
- click here for more information on making a pension non-reversionary
To ensure that account-based pensions or transition to retirement income streams (TRISs) are/are not reversionary to eligible dependants (eg, spouses).
For further information about reversionary pensions refer to the following articles:
SMSF Borrowing
- click here for more information
Alteration of related party loans
SMSFs with related party loans may need to temporarily alter the terms and conditions of the loan given the fund’s inability to comply with the criteria under the ATO’s safe harbor criteria in PCG 2016/5.
Investment Strategy Kit
- click here for more information
SMSFs should consider reviewing and, if needed, revising their investment strategies in view of the impact of COVID-19 on investments, cash flow and asset values.
Lump Sum Kit
- click here for more information
Contains guidance and template documentation on the payment of a lump sum and a checklist outlining each stage of the process and the relevant steps for funds paying lump sums during COVID-19.
SMSF Residency Kit
- click here for more information
Provides SMSF trustees or advisers with information and strategies to ensure SMSFs can best satisfy the residency requirements.