A Trustee Declaration is required to be completed and signed by all Trustees of an SMSF when they are added to an SMSF. The main purpose of the Declaration is to ensure that new Trustees (or directors of a Corporate Trustee) understand their duties and responsibilities when running an SMSF.
The Trustee Declaration form must be signed within 21 days of becoming a Trustee or director of a Corporate Trustee of an SMSF. Each Trustee of the SMSF is required to complete and sign in a separate form.
Individuals who act on behalf of a Member as a Trustee or director of a Corporate Trustee of an SMSF, are also required to complete the Declaration form. This usually applies to a:
To learn more about Trustee’s duties and responsibilities, view the ATO fact sheet and the video below.
To download the Trustee Declaration form, please click on the button below.
For more information on Trustee Responsibilities, please view the ATO brochures on our Guide to SMSF page.
A – Yes, S104A of the Superannuation Industry (Supervision) Act 1993 requires if a person becomes a Trustee of an SMSF or a Director of a new Corporate Trustee of an existing SMSF, they must: