--- title: Can a Company Act as Trustee for a SMSF and a Discretionary Trust? description: All assets of the trustee of the super fund must be kept separate from any other entity pursuant to section 52B(2)(d) of SISA 93.  There is an administrative fine, the auditor should have flagged it a --- [Skip to content](https://info.lightyeardocs.com.au/supportcentre/hc/en-us/articles/4403022175257-can-a-company-act-as-trustee-for-a-smsf-and-a-discretionary-trust-#main-content) English Show submenu for translations [![Asset 46@4x](https://info.lightyeardocs.com.au/hs-fs/hubfs/Asset%2046@4x.png?width=273&height=50&name=Asset%2046@4x.png)](https://www.lightyeardocs.com.au/) Open main navigation Close main navigation - English Show submenu for translations Your Gateway to Growth and Achievement! - There are no suggestions because the search field is empty. 1. [Success Hub](https://info.lightyeardocs.com.au/supportcentre?hsLang=en) 2. 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