Why are two individual Trustees required for a sole member SMSF?


Why are two individual trustees required for a sole member SMSF?


It is a requirement by the Australian Taxation Office (ATO) under the Superannuation Industry (Supervision) Act (SIS Act) that single/sole-member funds must have either two Individual Trustees or a Corporate Trustee on establishment.

Click here for more information.


Was this article helpful?
1 out of 2 found this helpful
Have more questions? Submit a request