If a SMSF has only one member, can it have 3 trustees (1 of those trustees being the member) the question is about whether at law 3 trustees are allowed?

If it's Individual Trustees, the Fund is allowed to have up to 2 trustees where one is the member and the other one is a non-member. At law it allows 2 trustees not 3.

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