Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026 (58 of 2026)

Schedule 3   Minor and technical amendments

Part 2   SMSF Public Trustee director appointments

Superannuation Industry (Supervision) Act 1993

2   After paragraph 17A(3)(a)

Insert:

(aa) all of the following apply:

(i) a member of the fund has died;

(ii) the legal personal representative of the member is the Public Trustee of a State or Territory;

(iii) an individual is, in place of the member, a trustee of the fund, or a director of the body corporate that is the trustee of the fund, during the period described in subparagraphs (a)(i) and (ii);

(iv) the individual is approved, in writing, by the Public Trustee to be the trustee or director (as the case may be);

(v) the individual is appropriately qualified, and holds all necessary licences, to perform their duties or services as the trustee or director (as the case may be); or