A SMSF member/trustee cannot be a(n) :
A) employee of another fund member unless their earnings are less than $60,000 p.a.
B) employee of another fund member unless they sign an exclusion form and submit to the regulator within 60 days of becoming an employee.
C) employee of another fund member unless they are a relative.
D) both a and c
Correct Answer:
Verified
Q2: SMSFs are regulated by the:
A) APRA.
B) ATO.
C)
Q3: Actions by trustees for a particular offence
Q4: SMSF trustees cannot:
A) borrow more than $500,000
Q5: Commercial terms regarding property acquisitions for a
Q6: Real returns from an investment portfolio:
A) exclude
Q7: The purchase of an asset by a
Q8: In comparison to large superannuation funds, available
Q9: In-specie member superannuation contributions to a SMSF
Q10: When a superannuation fund member rolls their
Q11: Jointly owned assets where a SMSF is
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