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Kalkine
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6d ago

Can an SMSF Binding Nomination Expire Without Warning?

Highlights An SMSF binding nomination can lapse if the trust deed says so. The statutory binding nomination regime for other funds does not apply to SMSFs, so the deed governs. Regular review and renewal avoid unwelcome surprises. An SMSF binding nomination can expire without warning if the trust deed provides for lapsing, because the deed rather than the general binding nomination regime governs. Some deeds allow non-lapsing nominations, others require renewal, and trustees cannot rescue an ...