If you breach your obligations under the law when operating your SMSF, we may ask you to complete an SMSF education course.
We’ve updated our non-compliance actions webpage to include clearer guidance about education directions – one of the tools we use to help trustees get back on track when they breach the law.
An education direction is a formal notice requiring a trustee (or director of a corporate trustee) to complete an approved SMSF education course within a set time. This helps ensure they understand their legal obligations and responsibilities going forward.
When someone receives an education direction, they must:
- complete the course by the due date, and
- sign a new trustee declaration (NAT 71089) within 21 days.
This update aims to make it easier for trustees to understand what the direction involves – and what they need to do next.
For more information on the actions we take if you don't comply with super laws visit Our SMSF non-compliance actions.
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