SMSF Auditor Practice Test & Exam Prep | Australia

An SMSF uses a corporate trustee. Which check best supports an opinion that the fund still meets the SMSF definition?

Confirming the company has at least three independent non-member directors Confirming the corporate trustee also holds an Australian financial services licence Confirming the company is listed on the ASX Confirming every member is a director of the corporate trustee (subject to limited exceptions)

Correct Answer:

Confirming every member is a director of the corporate trustee (subject to limited exceptions)

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