GMH Legal can help you navigate through the complex compliance and regulatory principles of superannuation. Recent changes in the regulation of superannuation across Australia means that you might be affected.
Whether you are an owner of a business or interested in forming your own Self Managed Super Fund, GMH legal can provide tailored solutions to achieve your personal and financial goals.
Trust deed interpretation, reviews and amendments
A superannuation trust deed is a legal document which outlines the rules and procedures for the running of a superannuation fund and more specifically, what the trustee can and cannot do.
The interpretation of such trust deeds can often be a complex exercise especially if you are not equipped with the relevant legal tools and resources. At GMH legal, our experts can help you with all your trust deed needs ranging from compliance and administration to the amendment of the trust deed.
Trustee duties
Self Managed Super Funds impose stringent rules on trustees to properly manage and meet the appropriate legal and tax obligations owing to them. Penalties for mismanaging or breaching these compliance regulations can be high and therefore obtaining accurate and up-to-date legal advice relating to your Self Managed fund is crucial.
There are several governing rules which apply to trustees managing their own super funds and derive from:
+ The clauses set out in the super fund Trust deed;
+ The provisions of the Superannuation Industry (Supervision) Act 1993;
+ Rules imposed by tax legislation and trust law.
Our team at GMH legal is committed to providing you with professional advice to ensure that your super fund is properly managed and maintained.
Successor fund and other transfers
If you are thinking of setting up a Self Managed Super Fund or transferring your existing Super to other institution, GMH Legal can ensure that your rights are preserved and all the fine print is explained.
Under Superannuation laws, transferring your Super from one fund to another is possible if:
+ The Trustees of the Super funds agree as to rights under the new fund; and
+ The Trustees act in the best interests of members.
GMH Legal can provide professional advice to ensure that the transfer is completed hassle free and in your best interests.
Fund establishments, restructures, mergers, rationalisations and closures
At GMH Legal, we understand the intricacies of Super funds and have the experience to help:
+ Create your Self Managed Super fund;
+ Restructure your existing Super fund;
+ Deal with any mergers, rationalisations and closures relating to your fund.
Superannuation issues in acquisitions and disposals
Given that Superannuation laws are continually evolving, new rules and regulations have been put in place governing Superannuation.
As part of the Stronger Super reforms for instance, acquisitions and disposals between Self Managed Super Funds and related parties must be conducted through the market, where one exists. If no market exists, the transaction must be supported by a valuation from an independent valuer.
Here at GMH Legal, our expertise in the superannuation sector allows us to ensure that you are getting the best possible advice personalised for your financial and personal circumstances.