SMSF trustees may be limited in their use of any measures allowing the use of digital signatures to approve fund documents due to their email set-ups.

SMSFs can be setup with either individual or corporate trustees but the latter has useful advantages which are ideally suited for the self-managed super sector.

Annual transfer balance account reports should be lodged ahead of time for 2020/21 due to the introduction of indexation to the super system.

The government’s move to extend temporary measures allowing the execution of legal documents electronically has been delayed.

The preparation of SMSF financial statements may yet have reporting deadlines imposed with Treasury concerned by the open timeframes used.

SMSFs that have lost their deed should consider creating a new fund, rather than merging with another fund, to overcome any document losses or deficiencies.