Digitising SMSFs: Recent changes and what lies ahead
Aaron Dunn outlines the impact of the recent electronic execution measures on SMSFs and provides an inside scoop on the next phase of the government’s plans.
With the use of electronic execution measures that were introduced during COVID-19 now permanent, Aaron discusses what impact these changes have in relation to how SMSF documents can be executed. He highlights some important details to be aware of, including some of the exemptions of Treasury Law portfolios with the Electronic Transactions Act.
He also provides an update on Treasury’s consultation regarding the next stage of the government’s Modernising of Business Communication project and what this might mean for the SMSF sector in the future.
Miranda and Aaron also discuss the recent federal budget and discuss tips for SMSF professionals and trustees navigating the new director ID laws.