Each new trustee must sign the trustee declaration form within 21 days of consenting to becoming a trustee.

By signing the declaration, you’re stating you understand your duties and responsibilities as a trustee.

You must also complete this declaration if you:

• have undertaken an ATO approved course of education to comply with an education direction
• are a legal personal representative appointed as trustee or director on behalf of someone else.

You must keep the signed declaration for at least 10 years after your SMSF winds up. Don’t send your completed declaration to the ATO unless they ask for it.

Visit the ATO website to get a copy of the trustee declaration form (NAT 71089).