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Resources on demand

Lessons from the Narumon decision for SMSFs

The Queensland Supreme Court’s decision in Re Narumon Pty Ltd answers a number of important unresolved issues for SMSFs, such as whether an attorney can make a binding death benefit nomination for a member. The ramifications for SMSFs will be significant, and it is essential advisers are on top of it.

Watch this webinar from partner Clinton Jackson and special counsel Hayley Mitchell to learn more.

[Running time: 1 hr 35 mins]

$110.00

Description

On 24 August 2018, the Queensland Supreme Court handed down the decision in Re Narumon Pty Ltd (in which Cooper Grace Ward acted). This answers a number of important unresolved issues for SMSFs, such as whether an attorney can make a binding death benefit nomination for a member.

The ramifications for SMSFs will be significant, and it is essential advisers are on top of it.

In this webinar we analyse the implications for SMSFs, including:

  • what an attorney can do with a member’s binding death benefit nomination
  • can a pension be reversionary if we can’t find the documents
  • how to deal with missing trust documents
  • is a binding death benefit nomination binding if your trust deed refers to the SIS Act
  • how to properly structure enduring powers of attorney.

Who will benefit from this webinar?

This webinar is highly recommended for:

  • accountants
  • financial planners
  • other professional advisers who are assisting clients with SMSFs.