SMSF Update Subscription Service

NTAA Corporate’s SMSF Update Subscription Service provides a convenient and ongoing means of ensuring that an SMSFs' governing rules remain in line with the current law.  This offers the Trustee (and the Advisor) comfort that the SMSF remains compliant. Naturally this gives the trustee greater control and also access to relevant strategic opportunities.

• To join the SMSF USS we must first ensure that the operating deed is the current NTAA Corporate deed.
• All new establishments and deeds of variation are automatically subscribed to the service until the next anniversary date.
• We have a common anniversary of the 1st of August at which time we will publish a new set of governing rules with the corresponding Trustee Resolutions which act to adopt the new rules. We may also publish a new set of governing rules at any other major change at no additional charge.
• The Resolutions are downloaded, printed and executed by the relevant parties. Copies of the signed documents can then be uploaded to our servers for safe keeping.

The price per subscription is fixed per fund and there are no minimum requirements per practice.

Advisers can access their clients’ files directly through the NTAA Corporate website and you can manage each clients’ subscription and fund directly.

Access is provided to the current and prior versions of the governing rules for each SMSF client. Advisers can also upload scanned copies of executed resolutions as well as scanned copies of any prior documents. All subscribed SMSF clients will have the same governing rules which means that you only need to become familiar with one set.

Key Benefits of the SMSF USS

The SMSF Update Subscription Service offers many benefits to advisers and their trustees, some of these are:

• Ongoing Compliance — governing rules are kept up to date and comply with all the latest laws and requirements. To adopt new rules, trustees/members must sign one set of resolutions per year and then upload a copy for the file
• Documents provided by NTAA Corporate – NTAA Corporate utilise the experience of Hall and Wilcox lawyers who have a specialist division who work with all sectors of the superannuation industry.
• Administrative ease for advisers — all SMSF clients using the Subscription Service have the same governing rules. This means advisers only need to familiarise themselves with one set of governing rules.
• All Documents available online —copies of all documents remain available via our online website for your perusal, download or reprint.
• Structured Approach — by implementing a structured approach to updates you can offer comfort to your clients so that they can go about the business of managing their affairs and your office takes care of the compliance requirements.
• Major changes to the law — where there are major changes to the law we will not wait until the anniversary date to review the document but review them as soon as practicable and inform each advisor.
• Solid legal basis — before placing an SMSF on the Subscription Service, experienced lawyers review the previous documents to ensure.

Joining the SMSF Update Subscription Service

All new Deeds since May 2010 which are established with us are automatically subscribed to the service provided no changes have been made to the deed. Deeds established prior to this date can join the SMSF Update Subscription Service if you :

• establish a new deed with NTAA Corporate or
• vary an existing deed.

For Deeds that have been established by us and have been since changed, a review of the changes will need to be undertaken before it can be admitted to the subscription service.

For more information, see Frequently Asked Questions and Updating an SMSF Deed

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