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  • Membership increase on ABR available from mid-August

    Since 1 July, self-managed super funds (SMSFs) have been able to have up to six members. We have been making updates to the Australian Business Registry (ABR) which will make it easier for you to add a fifth and sixth member to your SMSF.

    These updates are expected to be completed by mid-August. We recommend you wait until the ABR is updated before you add more than four members, however if you wish to add additional members, an interim solution is available for you.

    It is important to remember that if you are considering expanding your fund, you will need to consider:

    • what your fund's trust deed allows
    • the structure of your fund
    • your reporting obligations
    • the laws of your State or Territory that may restrict the number of trustees a trust can have, as an SMSF is a type or trust.

    For more information:

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      Last modified: 14 Jul 2021QC 66386