recieved esuper package friday, page-13

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    From the ATO website:


    Setting up a self-managed super fund


    Single member funds

    You can set up your super fund with only one member.
    If you have a corporate trustee for a single member fund, the member must be one of the following:
    the sole director of the trustee company
    one of only two directors, that is either
    related to the other director
    any other person but not an employee of the other director.
    If you choose not to have a corporate trustee, you must have two individual trustees. One trustee must be the member and the other must be a trustee that is either:
    a person related to the member
    any other person but not an employer of the member.
    A trustee or director can't be paid for their services as a trustee or director in relation to the fund.
 
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