You say "I wonder if trustees should have to have a "certificate" to run a SMSF and pass a test every few years to have the certificate renewed."
To be perfecty honest and frank, I find your suggestion grossly insulting.You know nothing about trustees like me.
I have a BSc engineering degree, several post graduate qualifications and affiliations, have managed a major mineral processing operation,including budget and financial controls,designed,commissioned and consulted for other operations, negotiated large purchase and sales contracts, know my way in DCF and financial statements, have worked in 6 countries....and so the list goes on!
You even suggest the certificate may need renewing evry fews years. How did you know that I am going senile?
And, by the way, I run a successful SMSF.
Better stop here before I start to show my annoyance.
