RA Step 3: Signing the Reliance Agreement

Following the completion of the KYC/KYB checks, Smarter SMSF will be notified to arrange for the Reliance Agreement to be signed by all parties.

The status of the Reliance Membership dashboard will show as 'Sent for signing' until all parties have electronically executed the Reliance Agreement, which will be sent via BoxSign.

You can view a sample copy of the Reliance Agreement here.

Once the Reliance Agreement has been signed by all parties, a copy of the completed document will be added to the Reliance Membership Dashboard.

Smarter SMSF will then activate the Reliance Membership for all team members linked to the subscription.  

Trust & Company Formation Orders

All subsequent trust and company formation orders (as designated services) will not require any CDD obligations to be undertaken by Smarter SMSF, on the basis that this process is being undertaken by your firm.

You will be required to attest that full KYC has been completed, along with confirming the declaration that the order is being conducted in accordance with the Reliance Agreement. This attestation will be timestamped on the form entry for Smarter SMSF's record keeping purposes.

If not, then full CDD will be required via the Smarter SMSF platform.

Go back to Step 2 - https://smarter-smsf.helpscoutdocs.com/article/454-step-2-inviting-principals-for-kyc-verification-and-how-kyb-follows