Advisers must update trust deeds: NowInfinity

NowInfininty has updated its SMSF trust deed in the wake of the new superannuation reforms coming into effect 1 July, and has issued a warning to advisers to do the same.

In a statement yesterday, chief executive of document-generating platform NowInfinity, Amreeta Abbott, said advisers need to ensure they’re across how regulatory changes need to be implemented into the SMSF’s governing rules – which reside in the SMSF trust deed and its ancillary documents – that is, investment strategy, pension documents, etc.

The trust deed is the most critical document in terms of stipulating the governing rules of an SMSF, Ms Abbott said.