A Self Managed Super Fund(SMSF);

• Has less than 5 members;

• Each individual trustee of the fund is a fund member;

• Each member of the fund is a trustee;

• No member of the fund is an employee of another member of the fund, unless those members are related;

• The trustee can be a corporate entity;

• No trustee of the fund receives remuneration for his or her services as a trustee; and

• A SMSF is registered with, reports to and is regulated by the Australian Taxation Office