Definition of an SMSF to change
Aspen Corporate • 14 July 2018
Definition of an SMSF to change
The Government has announced that the maximum number of members an SMSF can have will increase from four to six. At present, under section 17A of the SIS Act, to meet the definition of an SMSF the fund must have 4 members or less. There is a long way to go before this change becomes law. We'll bring you more details as they arise.
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The 2026-27 Federal Budget has landed, and if the announced measures make it through, this one could reshape the tax landscape for a wide range of Australians.
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