A key responsibility for a trustee is to manage the fund’s investments in accordance with tax and super law, your trust deed, and investment strategy.

Super laws require you to prepare an investment strategy. This is your plan for making, holding, and realising assets.

All investments must:

• meet the sole purpose test
• be made on a commercial arm’s length basis and always reflect true market value (the income from fund assets should also reflect a true market rate of return)
• show clear legal ownership
• meet specific restrictions on investments.

Beware of promoters or scammers misleading trustees into investing in fake products or schemes that promise higher returns with the aim of stealing their members' super.