June 2024 Updates

DOCUMENT UPDATES

03/06/2024 The Moat - Fixed name of SMSF Will member in schedule.
03/06/2024 Discretionary Trust documents - Replaced clause 15.2.
04/06/2024 Div7A Agreement documents - Added new question 'Would you like to continue with Div 7A Deed or Agreement?' and changed Loan Deed to what the client answer in the question.
06/06/2024 Contributions Suspense Account - The date of allocation should be the same as the date of meeting.
07/06/2024 FPT documents, LMDT documents, The Moat, The Protector - Added new clause 8 (on going)
07/06/2024 Discretionary Trust documents - Changed format of clause reference (e.g from 1(1) to 1.1)
10/06/2024 Family Protection Trust - (non-foreign persons) - Fixed footer error.
11/06/2024 Company documents - Added Avenue South and Avenue North in Street type.
11/06/2024 Standard Company document - Updated clause 45.6.
11/06/2024 Deed of Vesting (Discretionary Trust) - Changed Beneficiary to Vesting Beneficiary in Recital and Execution.
11/06/2024 All Purpose Loan Agreement - Added personal guarantee (QA).
12/06/2024 Deed of Vesting (Discretionary Trust) - Changed the word Fund to Trust in minutes.
12/06/2024 All Purpose Loan Agreement - Added personal guarantee (QA changes).
12/06/2024 LMDT documents - Removed option to add spouse as beneficiary.
13/06/2024 All Purpose Loan Agreement - Added personal guarantee.
13/06/2024 Trust Upgrade documents - Added the question ‘Is the jurisdiction of the trust to be changed to South Australia?’ when Jurisdiction is not in SA.
14/06/2024 Standard Company document - Fixed signature error found in Director Consent
18/06/2024 Leading Member Discretionary Trustee Company - In share allocation, added option for ORD share class
19/06/2024 Deed of Gift - Cash, Assets & Unpaid Present Entitlement - Changed Jurisdiction state from abbreviation to full state name
21/06/2024 SMSF Documents - Added new clause Trustee’s Right to Indemnity in Annexure.
21/06/2024 Discretionary Trust Distribution Minutes - Removed the Reference in letter of advice and add date.
24/06/2024 SMSF Deed of Variation documents - Updated No Resettlement at Law
24/06/2024 Change of Trustee for SMSF - In Trustee declaration, fixed the name of the Director/Secretary it should be the new trustee and not the current trustee.
24/06/2024 SMSF Will, The Moat, SMSF Will with Death Benefit Protection Trust - Changed of the term Estate to Legal Personal Representative, in Clause Death Benefits from the Fund
25/06/2024 - Updated rule 16 and 18 and deleted rule 22 on following documents:
- Family Protection Trustee Company
- Leading Member Discretionary Trustee Company
- Company Constitution Variation to FPT Company
- Company Constitution Variation to Leading Member Discretionary Trust
- The Successor Director Solution – Single Company plus upgrade
- The Successor Director Solution – Multi Company plus upgrade
26/06/2024 Company documents - Added Court East, Court North, Court South and Court West in street type option.
26/06/2024 Fixed Unit Trust - (individual & corporate) - Updated recital E.
27/06/2024 Div7A Agreement documents - If ‘25 year loan term option’ is selected, added option to add for a guarantor.
28/06/2024 Div7A Agreement documents - Added question ‘Is the Guarantor the owner of the property?’
28/06/2024 Discretionary Trust Distribution Minutes - Added two question ‘What is the clause number in the trust deed that discusses the determination of Income?’ and ‘What is the clause number in the trust deed that discusses the distribution of Income?’ and other text changes in the resolutions.