Letters: SMSF trustees, buying Australian equities and small cap success

Readers ask about who can be SMSF trustees, urge a focus on easy-to-understand information, and question the sleight-of-hand tricks coming out of Europe.

I have a grasp of the need for members of an SMSF to be trustees and I am also aware that there may be only one member of an SMSF if there is another trustee (e.g. a family member). However, I have not seen anything on the ATO site that specifically prohibits having more than one family member as trustees, but not members. What do you think?

Mike Levy

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Forgotten password? Click here

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Sign up now
Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Don't know password?

Register as a new member

(using a different email)

Related Articles