smsf for non residents, page-2

Hey Mate

At the old accounting firm I worked for we had this issue.

A husband and wife from Canada who worked for 20 odd years in Australia and the decided to move back to canada. While they were living here they had started a SMSF.

We just changed the trust deed to include a 3rd member in the superfund. (The blokes brother who had also moved to Australia and remained living in Australia).

He contributed $10 to the superfund and is entitled to a 0.000000000000001 % (you get the idea) portion of the superfund assets when he retires.

He was a trustee and because he was an Australian resident no non-resident rules were broken even though the other two (Husband and Wife) had become non-residents.