04 September 2020
Superannuation – Corporate trustee directors and shareholders
I know the members of a superannuation fund have to be the directors of the corporate trustee. Do they also have to be shareholders?
Thank you for the question.
There is no requirement for a member of a self managed superannuation fund to be a shareholder of the trustee company: see s 17A of the Superannuation Industry (Supervision) Act 1993.
However, it is usual for the members to be the directors and shareholders.
Regards
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