If I am a trustee of a Self Managed Superannuation Fund (SMSF) what happens if I become a disqualified person, i.e., bankrupt?

30 December 2013

Admin User

If a person becomes a disqualified person then they are no longer permitted to be a trustee of their SMSF. Refer to Section 126K of Superannuation Industry Supervision Act 1993 (SISA 1993).

A disqualified person includes someone that is insolvent under administration, i.e. a bankrupt. Refer Section 120 of SISA 1993.

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If I am a trustee of a Self Managed Superannuation Fund (SMSF) what happens if I become a disqualified person, i.e., bankrupt?

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