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  • Membership to increase for small APRA funds

    Legislation has recently received royal assent which will allow small APRA funds (SAFs) to have up to six members. Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 received royal assent on 22 June 2021 and will take effect from 1 July 2021.

    If you are considering adding additional members to your SAF, you will need to consider whether changes to your fund’s trust deed are required.

    You do not need to tell us if you are adding additional members.

    This change also applies to self-managed super funds (SMSFs).

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      Last modified: 28 Jun 2021QC 66116