Budget 2008-09: Trustee of SMSF Charged in Court
01.10.08
In the first case to be laid against a trustee of a self-managed superannuation fund (SMSF), the trustee has pleaded guilty to a criminal charge under the superannuation laws.
According to a media release issued by ASIC, the trustee was charged with dishonestly failing to ensure that the SMSF was maintained in accordance with the sole purpose test as required by superannuation laws.











