SMSF trustees are continuing to seek assistance from financial planners regarding changes to superannuation legislation and regulation changes.

The trustee duty amendment to the Your Future, Your Super bill recent passed in parliament will make SMSF compliance more difficult with investments in certain conventional asset classes.

The inclusion of a trustee with a poor compliance history can create future problems for an SMSF and lead to the ATO making the fund non-compliant.

Compliance procedures are being used by the ATO to discover potential incapacity issues suffered by SMSF trustees as they get older.

Consumers have been reminded they do not need to pay a fee to lodge a complaint with the Australian Financial Complaints Authority.