Is a Leading Member Fund Legal?

The Leading Member SMSF has its roots in older employer super funds where a member’s employer had control over the Trustee, its membership and even its finances.  The Leading Member SMSF does not go that far but is definitely legal.  To date there have been no known cases against employer superannuation funds being illegal.

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024