October 2023 Updates

Document Updates

• 03/10/2023 The Related Party LRBA (Property) & The Related Party LRBA (Shares) - Changed initial value of interest rate from 5.35 to 8.85. 
• 03/10/2023 - Replaced sentence "individual mean" to "individual and means" in Relative Clause (1). Added plural form of Appointor(s) Deed Witnesses Table. Replace word "Successive" to "Successor" in Deed Witnesses Table. Change Clause 4.2(d) in Accumulation, Replaced "clause 4(1) above to trustee shall be deemed to have" to "clause 4.1, The Trustee shall be deemed to have resolved". Rearrange Table Formatting of Schedule 1. Replaced word "Successive" to "Successor" in Schedule 1 Table. Rearranged Excluded Beneficiaries in Schedule 1 Table.
  
  • Crypto Discretionary Trust Deed
  • Discretionary Trust - (individual & corporate)
  • Discretionary Trust - (non foreign persons)
  • Family Protection Trust - (individual & corporate)
  • Family Protection Trust - (non-foreign persons)
  • Leading Member Discretionary Trust - (individual & corporate)
  • Leading Member Discretionary Trust – (non-foreign persons)
  • Upgrade of Discretionary Trust to a Family Protection Trust
  • Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person)
  • Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust
  • Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust
  • Upgrade of Discretionary Trust to Leading Member Discretionary Trust
  • Upgrade of Discretionary Trust to LM Non-Foreign Person Discretionary Trust
• 04/10/2023 Family Wealth Protection Proposal - New document in progress. 
• 04/10/2023 Leading Member SMSF Deed of Variation - Deleted clause 2.18 (d).
• 04/10/2023 QROPs SMSF Deed of Variation - Deleted clause 2.18 (f).
• 04/10/2023 Leading Member SMSF Deed of Variation - Deleted clause 2.18 (e).
• 06/10/2023 Leading Member Discretionary Trust - (individual & corporate) - Fixed fuse sign coding for signatories.
• 06/10/2023 Leading Member SMSF Deed of Variation - Removed ‘unless the variation is an auto-variation in sub-rule (d) below’ in clause 2.18 a.
• 06/10/2023 QROPs SMSF Deed of Variation - Removed ‘unless the variation is an auto-variation in sub-rule (f) below’ in clause 2.18 a.
• 06/10/2023 SMSF Deed of Variation - Removed ‘unless the variation is an auto-variation in sub-rule (e) below’ in clause 2.18 a.
• 06/10/2023 Discretionary Trust Changes (In progress) - Added Successor Appointor and Successor Leading Member Appointor to Deed Parties for Changing positions. Added Successor Appointor and Successor Leading Member Appointor to Provisions section. Enable signatories to Beneficiary as consent of changing position. Enable signatories to Leading Member Appointor as consent of changing position or change trust name. Enable signatories to Guardian as consent of changing position or change trust name. Enable signatories to Successor Appointor as consent of changing position or change trust name. Enable signatories to Successor Leading Member Appointor as consent of changing position or change trust name. Restricted Consent signing if the change position status is either deceased or excluded. Organized document formatting.
• 09/10/2023 - Added Circle North and Circle South in Street Type
  • Family Protection Trustee Company
  • Leading Member Discretionary Trustee Company
  • Leading Member SMSF Special Purpose Corporate Trustee
  • SMSF Special Purpose Corporate Trustee with SMSF Establishment
  • SMSF Special Purpose Corporate Trustee
  • LYD Standard Company
• 09/10/2023 SMSF Deed of Variation - Added option to attach Trustee Resolution. 
• 09/10/2023 The Successor Director Solution - Multi Company plus upgrade Constitution - Fixed spelling error 'resig' to 'resign'.
• 10/10/2023  - Made the same changes in Variation of the Rules of the Fund in Deed of Variation documents.
  • The Moat and Castle
  • Leading Member SMSF Establishment
  • Leading Member SMSF Establishment with EPOA
  • QROPs SMSF Establishment
  • SMSF Establishment
  • Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member

• 10/10/2023 Leading Member SMSF Deed of Variation, SMSF Deed of Variation & QROPs SMSF Deed of Variation - Removed the word "only" in Variation of the Rules of the Fund. Within the clause 2.18(d).
• 10/10/2023 Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member - Removed the word "only" in Variation of the Rules of the Fund. Within the clause 2.18(c).
• 10/10/2023 - Revising Fuse Sign Coder (In progress).
  
  • Discretionary Trust - (non foreign persons)
  • Family Protection Trust - (individual & corporate)
  • Family Protection Trust - (non-foreign persons)
  • Fixed Unit Trust - (individual & corporate)
  • Leading Member Discretionary Trust – (non-foreign persons)
  • Non-fixed Unit Trust - (individual & corporate)
  • SIS Reg 13.22C Related Unit Trust
  • Superannuation Unrelated Investment Trust (SUIT)

• 10/10/2023 The Moat and Castle - (MOAT) Updated Package DE Template
  CorpTrusteeAndDeedUpgradeToLYD2 (Clause 2.18(d) Variation of the Rules of the Fund) removed the word "only" LMKit_UpgradeSMSFDeedCorpTrusteeToLMControl2 (Clause 2.18(d) Variation of the Rules of the Fund) removed the word "only".
  
• 11/10/2023 - In Product Disclosure Statement changed ‘opportunity of bringing up to currently four member’ to ‘opportunity of bringing up to currently six member'.
  
  • The Moat and Castle
  • Member Appointment - Leading Member SMSF
  • Member Appointment - Standard SMSF
  • SMSF Establishment
  • Corporate Trustee & Deed Upgrade to LightYear Docs
  • Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member
• 12/10/2023 - Added new option Avenue East and Avenue West for Street Type.
  
  • Family Protection Trustee Company
  • Leading Member Discretionary Trustee Company
  • Leading Member SMSF Special Purpose Corporate Trustee
  • SMSF Special Purpose Corporate Trustee with SMSF Establishment
    
  • SMSF Special Purpose Corporate Trustee
  • LYD Standard Company
• 12/10/2023 - In Product Disclosure Statement updated Benefit Seven: Access to the Age Pension clause.
  • The Moat and Castle
  • Leading Member SMSF Deed of Variation
  • Leading Member SMSF Establishment
  • Leading Member SMSF Establishment with EPOA
  • Member Appointment - Leading Member SMSF
  • Member Appointment - Standard SMSF
  • SMSF Deed of Variation
  • SMSF Establishment
  • Corporate Trustee & Deed Upgrade to LightYear Docs
  • Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member
• 13/10/2023 - In EPOA QLD short form changed ‘Witness must also sign page 9’ to ‘Witness must also sign the previous page’.
  • Enduring Power of Attorney
  • The LYD Will and EPOA
  • The Moat and Castle
  • Leading Member SMSF Establishment with EPOA
• 13/10/2023 - Revising Fuse Sign Code (In progress).
  • Discretionary Trust - (individual & corporate)
  • Addition to Designated Beneficiaries
  • Declaration of Trust/Declaration of Bare Trust
  • Deed of Appointment of Joint Appointor
  • Deed of Succession Appointors and Leading Members
  • Deed of Vesting (Discretionary Trust)
  • Deed of Vesting (Unit Trust)
  • Discretionary Trust Changes
  • Discretionary Trust Distribution Minutes
  • Upgrade of Discretionary Trust to a Family Protection Trust
  • Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person)
  • Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust
  • Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust
  • Upgrade of Discretionary Trust to Leading Member Discretionary Trust
  • Upgrade of Discretionary Trust to LM Non-Foreign Person Discretionary Trust
• 16/10/2023 - Revising Fuse Sign Code (In progress).
  • Change of Trustee for SMSF
  • Contributions Suspense Account
  • Contributions To Benefit a Member
  • Dependency Declaration for Superannuation and Income Tax Purposes
  • Leading Member SMSF Establishment
  • Member Appointment - Leading Member SMSF
  • Member Appointment - Standard SMSF
  • Member Directed Investment Strategy
  • Member Leaving A SMSF
  • QROPs SMSF Deed of Variation
  • QROPs SMSF Establishment
  • SMSF Deed of Variation
  • SMSF Establishment
  • SMSF Investment Strategy - Fund
  • Superannuation Lump Sum Payments
• 17/10/2023 Special Resolution for Changing the Name of a Company - New document in progress.
• 18/10/2023 - Changed LightYear Docs to Abbott and Mourly Lawyers.
  • Company Constitution Variation to FPT Company
  • Company Constitution Variation to Leading Member Discretionary Trust
  • Company Constitution Variation to LightYear Docs SMSF Special Purpose Company
  • The Successor Director Solution – Single Company plus upgrade
  • Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member
  • The Successor Director Solution - Multi Company plus upgrade Constitution
• 18/10/2023 The Moat and Castle - Changed LightYear Docs to Abbott and Mourly Lawyers in SMSF and Company upgrades.
• 18/10/2023 Corporate Trustee & Deed Upgrade to LightYear Docs - Changed LightYear Docs to Abbott and Mourly Lawyers and fixed formatting for Legal Personal Representatives.
• 18/10/2023 Corporate Trustee & Deed Upgrade to LightYear Docs - Changed LightYear Docs to Abbott and Mourly Lawyers and fix formatting for Legal Personal Representatives.
• 19/10/2023 - Added ‘s’ in director if more than one in First director meeting and successor director resolution.
  • Family Protection Trustee Company
  • Leading Member Discretionary Trustee Company
  • Leading Member SMSF Special Purpose Corporate Trustee
  • SMSF Special Purpose Corporate Trustee with SMSF Establishment
  • SMSF Special Purpose Corporate Trustee
  • LYD Standard Company
• 20/10/2023 LYD Standard Company & Upgrade to LightYear Docs Standard Company - Removed reference to clause in standard company constitution.
• 20/10/2023 The Moat and Castle - In ABP and Rollback clause 3.4 of PDS replaced legal estate to legal personal representative.
• 20/10/2023 Leading Member SMSF Establishment - Fixed Member Present Attendees not showing up in the interview and document.
• 20/10/2023 SMSF Deed of Variation - Added Initial Member as Party in Deed.
  Added Initial Member Signer section in Execution.
• 20/10/2023 - In clause 3.4 of PDS replaced legal estate to legal personal representative.
  • Account Based Pension Rollback
  • Account Based Pension
  • Transition to Retirement Income Stream (TRIS)
  • TRIS Foldback
• 20/10/2023 The Successor Director Solution - Multi Company plus upgrade Constitution - Removed reference to clause in standard company constitution.
• 24/10/2023 Corporate Trustee & Deed Upgrade to LightYear Docs - Fixed indention in the "Members Present:" under binding resolution of the members. Removed the word "New" before the words of Governing Rules in clause (1) in the Provisions section.
  
  In the interview under the Deed of Variation Details tab
  
  Changed the caption Heading caption to "Under what rule does the current Deed or Governing Rules allow the Trustee to vary or upgrade the rules of the fund?"
  Changed the caption of the variation clause to "Enter the rule number below. For example, 2.18"
• 24/10/2023 Deed of Vesting (Unit Trust) - Removed Appointor in the Unit Holder party type question.
• 25/10/2023 Discretionary Trust - (individual & corporate) -  In clause 3.1 (d) Replaced the word "Family Group" with "family group" under Beneficiaries section.
  In clause 3.1 (d) Replaced the word "Family Trust Election" with "family trust election" under Beneficiaries section.
  In clause 3.3 Removed the word "if by" in clause 3.3(ii) under Beneficiaries section.
  In clause 4.5 (a) Replaced the word "termination" to "detemination" under the Income of The Trust Fund section.
  In clause 6.1(b)(i) Replaced the word ", or" with ";".
  In clause 10.1(l) added ":" right after the word Credit.
  In clause 10.1(y) replaced the word "unit holder" with "Beneficiary" after the sentence "any Person whether a".
  In clause 10.1(hh) replaced the word 'unit holder' with "Beneficiary" after the sentence "To permit a".
  In clause 13.2(a)(iv) added the sentence "sent electronically by facsimile or email to the last known facsimile or email address of any director of that company".
  In clause 13.2(a)(iv) removed the word "served".
  In clause 13.3(a) replaced the sentence "Service of a notice or document on any one of several joint unit holders shall be deemed effective service on the other joint holders." with "Service of a notice or document on In clause 3.1 (d) Replaced the word "Family Group" with "family group" under Beneficiaries section.
  In clause 3.1 (d) Replaced the word "Family Trust Election" with "family trust election" under Beneficiaries section.
  In clause 3.3 Removed the word "if by" in clause 3.3(ii) under Beneficiaries section.
  In clause 4.5 (a) Replaced the word "termination" to "detemination" under the Income of The Trust Fund section.
  In clause 6.1(b)(i) Replaced the word ", or" with ";".
  In clause 10.1(l) added ":" right after the word Credit.
  In clause 10.1(y) replaced the word "unit holder" with "Beneficiary" after the sentence "any Person whether a".
  In clause 10.1(hh) replaced the word 'unit holder' with "Beneficiary" after the sentence "To permit a".
  In clause 13.2(a)(iv) added the sentence "sent electronically by facsimile or email to the last known facsimile or email address of any director of that company".
  In clause 13.2(a)(iv) removed the word "served".
  In clause 13.3(a) replaced the sentence "Service of a notice or document on any one of several joint unit holders shall be deemed effective service on the other joint holders." with "Service of a notice or document on a Pers a Person comprised of joint Persons shall be deemed effective if and when served on any one of those joint Persons."
  In clause 13.3(c) removed the word "be" before the sentence "have been served upon a Person".
  In clause 13.3(c) removed the word "had" before the sentence "formed the view that it would".
  In clause 14.4 removed the word "Termination".
• 25/10/2023 - In clause 3.3 Removed the word "if by" in clause 3.3(ii) under Beneficiaries section. In clause 4.5 (a) Replaced the word "termination" to "detemination" under the Income of The Trust Fund section. In clause 6.1(b)(i) Replaced the word ", or" with ";".
  In clause 10.1(l) added ":" right after the word Credit. In clause 10.1(y) replaced the word "unit holder" with "Beneficiary" after the sentence "any Person whether a".
  In clause 10.1(hh) replaced the word 'unit holder' with "Beneficiary" after the sentence "To permit a". In clause 13.2(a)(iv) added the sentence "sent electronically by facsimile or email to the last known facsimile or email address of any director of that company".
  In clause 13.2(a)(iv) removed the word "served". In clause 13.3(a) replaced the sentence "Service of a notice or document on any one of several joint unit holders shall be deemed effective service on the other joint holders." with "Service of a notice or document on a Person comprised of joint Persons shall be deemed effective if and when served on any one of those joint Persons." In clause 13.3(c) removed the word "be" before the sentence "have been served upon a Person". In clause 13.3(c) removed the word "had" before the sentence "formed the view that it would". In clause 14.4 removed the word "Termination".
  • Leading Member Discretionary Trust - (individual & corporate)
  • Family Protection Trust - (individual & corporate)
  • Leading Member Discretionary Trust – (non-foreign persons)
  • Upgrade of Discretionary Trust to a Family Protection Trust
  • Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person)
  • Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust
  • Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust (In progress)
  • Upgrade of Discretionary Trust to Leading Member Discretionary Trust
  • Upgrade of Discretionary Trust to LM Non-Foreign Person Discretionary Trust
• 25/10/2023 Enduring Power of Attorney, The LYD Will and EPOA & The Moat and Castle - In form 2 of EPOA WA condition ‘ACCEPT THE APPOINTMENT AND ACKNOWLEDGE’.
• 25/10/2023 The LYD Will and EPOA & The Moat and Castle - Make General Successor Director only an individual (In progress).
• 26/10/2023 Upgrade of Discretionary Trust to a Family Protection Trust & Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person) - In Definitions and Interpretation, changed Excluded Beneficiary description to ‘Excluded Beneficiary’ is that person who has been specifically excluded as an income, capital and default beneficiary. An excluded beneficiary may become a beneficiary upon direction by the Trustee and the Family Protection Appointor.
• 26/10/2023 The LYD Will and EPOA, The LYD Will & The Moat and Castle - Removed reference to LYD or Light Year Docs in Last Will and Testament.
• 30/10/2023 Family Protection Trustee Company & Leading Member Discretionary Trustee Company - Fixed For Each loop error in surge.
• 31/10/2023 SMSF Will, SMSF Will with Death Benefits Protection Trust, The Moat and Castle - Replaced the word "BDBDN" to "BDBN" in Clause (1) under The Member hereby makes the following Nominations and Directions.