What changes to trustee are available?
You can create any of the following changes to trustees in a Fund:
Remove or retire individual trustees and appoint a corporate trustee (need corporate trustee in existence first)
Remove or retire a corporate trustee and appoint individual trustees
Remove or retire an individual trustee and replace them with another individual trustee
Add an individual trustee (without removing a party as long as the fund continues to meet the definition of a SMSF)
Remove or retire an individual trustee (without adding a party as long as the fund continues to meet the definition of a SMSF)