SMS006 SMSF Trust Deeds

This subject considers the key objectives and elements of SMSF Trust Deeds. It will explore effective trust deed establishment, the best practice approach to trust deed creation and examine the situations that commonly trigger a need for trust deed review. Students will be given the opportunity to compare and contrast trust deeds to evaluate each for ‘best fit’, and develop a trust deed for a given complex situation.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, you should be able to:

      1. Critically analyse a trust deed for compliance, including all compulsory statutory provisions and those provisions that cannot or should not have been included
      2. Research and explain the common triggers for SMSF trust deed review and propose amendments to minimise compliance risk
      3. Compare and contrast a range of publically available SMSF trust deeds to determine suitability for use
      4. Review SMSF trust deeds using best practice principles
  • Subject content
    • Topic Title
      Topic 1 Trust deed overview
      Topic 2 SMSF records
      Topic 3 Retirement benefit payments
      Topic 4 Binding death benefit nomination and succession
      Topic 5 Limited recourse borrowing arrangements (LRBA)
      Topic 6 Trust company versus individual, and control within the trust deed
      Topic 7 Triggers for trust deed review
      Topic 8 Review questions
  • Assessment
    • Assessment Type Assessed Weighting
      Assignment 1 Week 6 30%
      Online quiz Week 6 10%
      Assignment 2 Week 12 60%
  • Prerequisites
  • Reading list
    • Prescribed text

      • Leow, J & Murphy, S 2016, Australian Master Superannuation Guide 2016/17, 20th edn, North Ryde: CCH Australia.
      • Negline, T, 2016, The Essential SMSF Guide 2016–2017, Pyrmont: Thomson Reuters.

      Retailers of educational books include Co-op Bookshop and Boffins Bookshop. Texts can also be borrowed from the Kaplan library or other libraries. Details of required and further reading are provided in the subject room.  Purchase of any text other than a prescribed text is not required.