FAQs -> SMSF Update

• What are the benefits of Unlimited downloads over five years ?
• When will the trust deeds be updated?
• What will happen if you purchase the unlimited download for five years services?
• How will I know when to update my SMSF Trust Deed ?
• Do I have to update my SMSF Trust Deed each time Batallian Legal updates its SMSF Trust Deed?
• Will I lose if I do not update my SMSF Trust Deed?

All Self Managed Super Fund trust deeds available in the market place are not the same.

A good quality trust deed is one which at the time of writing.

• Complies with the SIS Act,
• Allows Trustees the flexibility to apply all known strategies to the members advantage,
• Allows Trustees to implement wide range of investment & Pension strategies, including Risk Management Strategies,
• Is written in plain English and is understood by Trustees / Auditor / Administrators etc…

To select, which trust deed is better then the other or to judge which trust deed suits your requirement is a tough job for Trustees and their advisors. As sometimes trustees (or their advisors) do not know what to look for, in a trust deed, when selecting a supplier.

Simply using the most expensive trust deed or a large or known supplier does not mean that you are using the best trust deed to establish your Self Managed Super Fund.

In recent years, the SIS Act has been amended many times, resulting in making the best deed redundant. In our opinion, the best trust deed is the one which changes with each change of the SIS Act.

We provide a perfect solution - unlimited updates for next five years !
For a low fee of $330 (Incl. GST)

If you combine it with updating your current trust deed to ours the total cost is only $405 – which is very competitive to other trust deeds available in the market place.

Our trust deeds are updated as and when required by

• Legislative changes to either Income Tax Act or SIS Act affecting SMSF,
• Regulatory practices, these are generally initiated by APRA which regulates SMSF,
• Case law developments as a result of court decisions, currently many family law matters are being sorted with Superannuation being the main issue,
• Changes in the superannuation industry at large.

It is very difficult to predict the number of times our trust deed will be updated in the future. Our SMSF Trust Deed was prepared after the simple super rules were legislated on 15th March 2007.

Looking at the history of changes for the past two years, we can safely say that our trust deed may get amended at least once or twice in one year.

Trustees click here   Advisors Click here.

We will send you an email notifying you that our trust deed has been updated and detail of the change, the reason why we have updated our trust deed and what impact will the change have to your SMSF.

If your advisor has initiated or organized your update service with us – you do not have to do anything to keep your trust deed up to date, however, if you, as a trustee ordered the trust deed, you will have to log on to our web site and download ‘deed of variation’ and a “copy of our new trust deed”. Then you must follow the instruction sheet and execute the deed of variation to give effect to the variation.

NO. When we update our trust deed, we will advise you via email. If you are an advisor and if you do not want to update your clients trust deed, you have to let us know via email within 14 days and we will remove your clients trust deed from the system.

NO. If you are a trustee, you simply do not download the “deed and variation” and the new trust deed. You have to do nothing if you do not want to update your trust deed.

If you do not have the latest version of our trust deed, it basically means that you may not be able to use the latest strategies relating to the latest changes in legislation etc as your current trust deed will not allow it.

If you do not up date your trust deed, the impact on your super fund depends on seriousness of the change in the update / legislation and the impact of that update pertaining to your SMSF circumstances.

Hence, if it is difficult to judge at this point of time, if you will suffer a loss when you decide not to up date your trust deed.