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Instructions for Completing an Application to Establish a New FundPLEASE PRINT ALL INFORMATION CLEARLY. WE CANNOT BE HELD RESPONSIBLE FOR PRINTING AND OTHER ERRORS. Name of FundThere are no statutory naming standards for self managed superannuation funds. Indeed, two people may have the same fund name –The Smith Superannuation Fund. Self managed funds have unique statutory numbers (ABN) not names. Therefore, you can call your fund whatever you like. However, it is common that the words ‘Superannuation Fund’ or ‘Retirement Fund’ are used. Name of ContactThe name of contact will be the person who the regulator (ATO) may contact, at first instance, should they wish to contact the fund. The PrincipalUnder The Super Group trust deed, the Principal is the one who is empowered to appoint or remove the Trustee. You can have more than one person assume the role as Principal, like you can have more than one trustee. The Principal is usually the members of the fund. The Principal is defined as those persons nominated or their personal representatives, heirs, assigns or successors, in the event of the death of the Principal. This is an important concept, particularly if all members were to die. Their representatives would assume the role of Principal who would in turn be empowered to appoint a replacement trustee. In the absence of Binding Death Benefit Nominations, the trustee has discretion with respect to the treatment of death benefits. Should you require more specific information in relation to this, please do not hesitate to contact us on (02) 9328 9328. The TrusteeAll self managed superannuation funds are required to appoint either individual trustees or a corporate trustee. Moreover, to qualify as a self managed superannuation fund, all members must also be trustees, either as individuals or directors of the trustee company. Please refer to the ‘Decision Tree’ pdf below for more information on the trustee/membership rules. Special arrangements may apply for single member funds.
The role of the trustee is an important one. For more information on trustee responsibilities please refer to the ‘Guide for SMSF Trustee’ tab on our web page under “Getting Started”. The MembersAs mentioned above, all members must be trustees or directors of the trustee company and all trustees must be members (but for few exemptions). Please complete all member information as requested on the form. In relation to your personal tax file number (TFN), you are not under any legal obligation to provide your personal tax file number here, hence it is discretionary. However, a TFN is required by the ATO for the purposes of proof of identity of the trustees/member(s). If the TFN is not supplied, the ATO may request additional information from the trustee after the lodgement of your Election Notice to be Regulated. This will slow down the SMSF establishment process. Should you have any queries with any aspects of the Application Form, please do not hesitate to contact this office on (02) 9328 9328. TSG Self Managed Super Fund Application Form (Cost $495.00 incl. GST)
This document is in PDF format so you will need the Adobe Acrobat Reader installed. Corporate Trustee Application Form (Cost $825.00 incl. GST)If both a Self Managed Super Fund and a Corporate Trustee are ordered together, the total cost will be $1320.00 incl. GST. Instructions for lodging the application form with The Super Group (TSG)Print the forms, complete and either
Please note we will not be dispatching your fund or your company until we receive payment of $495.00, $825.00 or $1320.00 depending on your requirements. Cheques should be made payable to The Super Group. If you have any questions in regards to completing the application form or lodging it for processing, please contact Scott Marcellos on (02) 9328 9328 or admin@supergroup.com.au.
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