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Change of Trustee

Change of Trustees for a Self Managed Super Fund

The steps involved to appoint/remove Trustee/(s) (Corporate Trustee or Individual Trustee) for a Self Managed Superannuation Fund are as follows:

Step 1

Please note that if there is a removing member, the member has to roll out his/her Super Benefits in accordance with the Rollover Benefits Statements provided by ESUPERFUND before the change of Trustee application can be processed. Please contact ESUPERFUND via your Client Portal Inbox for further information.

Step 2

A Change of Trustee Deed will be prepared to evidence the change in Trustee/(s) for your SMSF. This will be prepared by our office and forwarded to you for signing.

Step 3

For ANZ V2 Plus Account:

An authority to remove the existing Trustee/(s) and appoint the new Trustee to the existing ANZ V2 Plus account will be prepared by our office and forwarded to you for signing.

For Commonwealth Bank Accelerator Cash Account:

We advise that CBA offering is no longer available under ESUPERFUND Platform. If you wish to retain your CBA account, you will be required to contact CBA directly in relation to the change of Trustee.

Step 4

For EBROKING Share Trading Account:

A new EBROKING Share Trading Account will be established. The reasons for this are outlined below:

Unfortunately, CHESS and the Australian Stock Exchange (ASX) do not allow a change of Trustee to an existing Share Trading Account. Where a change in Trustee has occurred a new Share Trading Account is required to be established.

If you currently hold shares in your SMSF EBROKING Share Trading Account these shares will be required to be transferred via Off Market Transfer. EBROKING currently charges $55 per transfer/share up to a maximum portfolio transfer fee of $110.

Accordingly, an application to establish a new Share Trading Account with EBROKING for your Self Managed Super Fund (SMSF) will be prepared. Once you have received your new EBROKING Account details you can complete the EBROKING Off Market Transfer Forms.

For CommSec Share Trading Account:

We advise that CommSec offering is no longer available under the ESUPERFUND Platform. If you wish to retain your CommSec account, you will be required to contact CommSec directly in relation to the change of Trustee.

Step 5

ATO documentation to appoint/remove the Trustee/(s) will be lodged with the ATO. This will be pre-populated by our office and forwarded to you for signing.

Step 6

If you currently hold Property (or any other assets), the property title will be required to be changed. We advise you seek external advice in relation to the change of title process, possible taxation and stamp duty issues that may apply.

Step 7

If you currently hold Term deposits or other financial institution accounts we advise that you seek external advice in relation to the change of trustee process, possible taxation, stamp duty and or early exit fees that may apply.

Step 8

If you wish to proceed with the change of Trustee/(s), please click here.

Important Information

A fee of will apply to establish the change of Trustee/Member application. It is important to note that additional costs may apply when processing a change in Trustee/Member application in relation to your SMSF. You should seek legal or professional advice before completing a change in Trustee/Member application for your SMSF. ESUPERFUND does not and cannot provide you with financial or legal advice in relation to a change in Trustee/Member for your SMSF.

General Advice Warning

No Advice Express or Implied: The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND. Any information provided in relation to any financial product or service available through ESUPERFUND is factual information only about the operation of the account and how data is made available to ESUPERFUND. Where this website refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice (see below) from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.

Seek Professional Advice from a Financial Adviser: ESUPERFUND is a no advice model and does not provide financial, legal or tax advice to clients. We recommend that you seek appropriate professional advice in view of your personal circumstances. A licensed financial adviser will consider your personal situation and make a recommendation suitable to your financial needs. All information detailed on our website is purely factual and is general in nature. Accordingly, you should not rely on it. It should always be remembered that Trustees are legally responsible for all the decisions made even if you obtain advice from a Financial Planner. Whilst a Financial Professional can provide advice and assistance you are ultimately responsible for the Fund.

Fees: Fees relating to operating your SMSF with ESUPERFUND are detailed on our fee page here. When setting up a SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup a SMSF including an ATO Supervisory Levy, Company Trustee Setup Fee (where applicable), and Investment Fees.