Infinity Staff Resources – CJM Key Contacts and Processes
Your Guide to Seamless Operations
Infinity Staff Resources – CJM Key Contacts and Processes
Your Guide to Seamless Operations
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Resale Process
SMSF: Personal Funds
Our Service AreasSMSF process when using personal funds
Under the Superannuation Industry (Supervision) Act 1993 (Cth), trustees must ensure all fund monies are used solely for providing retirement benefits and must avoid providing financial assistance to members. Where a member initially pays a deposit personally and the SMSF later reimburses that amount, it is compliant to return the member-paid portion.
Under the Superannuation Industry (Supervision) Act 1993 (Cth), trustees must ensure all fund monies are used solely for providing retirement benefits and must avoid providing financial assistance to members. Where a member initially pays a deposit personally and the SMSF later reimburses that amount, it is compliant to return the member-paid portion.
