Trustees buying property through limited recourse borrowing arrangements should confirm in what order key documents should be signed in the state of purchase, an SMSF legal expert says.

A technical expert has highlighted the need to get the procedural timing relating to the signing of an SMSF’s annual return correct.

Directors of an SMSF corporate trustee will be required to comply with a new identification process introduced through legislation passed earlier this month.

SMSFs looking to prepare special purpose financial statements will need to ensure their trust deed is set up accordingly thanks to a newly amended accounting standard, the ATO says.

Issues around the electronic execution of SMSF documents have been simplified with temporary federal regulations removing different state-based requirements.

Many SMSF documents are likely to fail future legal challenges and advisers should consider the source of the documents they use, according to an SMSF legal expert.

Actions to remedy lost or destroyed SMSF and pension documents have come to the fore as a result of the recent bushfires and floods across the nation.