Dec 18 - New Documents


Furthermore, throughout January and February, we will be working on delivering a few important new documents or making updates to existing documents in the platform including:
  • Pension Deed of Affirmation and Confirmation - insufficient or missing pension documentation appears as a common occurrence and the recent Qld case of Naurmon further highlights the importance of this documentation in the context of dealing with the member's death benefit. We have now drafted this new Pension Deed and will look to add online for use in the coming weeks. The purpose of this Deed is to formally state or restate the terms and conditions of the pension based upon the knowledge and understanding of trustee(s) and member.
  • Reversionary options for pensions - we are making amendments to the reversionary options of a new and existing income stream to incorporate a level of reversion that provides for a percentage (i.e. 100%) or dollar amount ($), along with amounts up to a surviving members transfer balance cap. The decisions around the level of reversion will be subject to the level of certainty of flexibility required by the member and beneficiary. In addition to updating these changes in the pension commencement documents, we will also be incorporating these options into the add/remove reversionary beneficiary should you wish to make changes to an existing pension without commutation and repurchase being required.
  • Unit Trust Deed - we have already made solid progress with the forms and document templates for unit trusts and expect to have this document available in beta by mid-January.
  • Discretionary Trusts - we have recently have a barrister settle this document at the Victorian Bar to ensure that bring this new document online will provide the most up-to-date deed, consistent with how we deliver SMSF documents.
  • Bare Trust & Loan Facility Agreement - it has been a recurring task to split these two documents into separate orders for some time, however we've been somewhat reluctant to make changes given the potential short shelf life of LRBAs. There was some reprieve recently by the Council of Financial Regulators in conducting a review for Government recently, however, the threat of a Labor Government looking to repeal this legislation if elected still exists. Will
If you have any other suggestions for future documents, please email us at or request through a ticket online.
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