Application for ABN registration for superannuation entities

Section I: Self-managed super fund trustee disclosure

Question 34 - Does the fund intend to be a self-managed super fund for 12 months or longer?

Indicate whether or not, in the trustee's opinion, the self-managed super fund intends to be in operation as a self-managed super fund for 12 months or longer.

Question 35 - Trustee disclosure supplementary questions

Each supplementary question must be completed on behalf of every corporate or individual trustee, legal personal representative, and responsible officer of the corporate trustee. These questions help us determine the eligibility of the people associated to the self-managed fund.

If an individual has received a declaration from a Regulator (APRA or the Commissioner of Taxation) waiving their disqualified person status, they must answer 'Yes' to the question: 'Have any of the trustees been convicted of an offence in respect of dishonest conduct in the Commonwealth or any state, territory or foreign country?' To confirm that the individual is no longer a disqualified person, include a copy of the notice of waiver with this application.

An individual that answers 'Yes' to any of the disclosure questions is likely to be a disqualified person. If a trustee is, or becomes, a disqualified person they must immediately tell us in writing. A penalty of $5,500 may apply to individuals who do not notify us that they have become a disqualified person. Two years imprisonment can also apply to any individual who intentionally acts as a trustee when they are a disqualified person.

If you have difficulty answering these questions you should seek legal advice.

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Last Modified: Tuesday, 30 April 2013