---
title: SMSF Deed of Variation
description: LYD can upgrade your SMSF to the LYD SMSF Deed. The LYD SMSF Trust Deed is simple, easy to read and reflects all recent and current superannuation legislation and strategic changes. This document is f
---

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# SMSF Deed of Variation

<iframe src="https://player.vimeo.com/video/1015944347?h=2e8c6da8ae&amp;title=0&amp;byline=0&amp;portrait=0&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="SMSF Deed Of Variation"></iframe>

### **About Product**

LYD can upgrade your SMSF to the LYD SMSF Deed.

The LYD SMSF Trust Deed is simple, easy to read and reflects all recent and current superannuation legislation and strategic changes. This document is for the establishment of a self-managed superannuation fund with an individual trustee.

LYD can also complete bulk deed upgrades. Our team can help you achieve a bulk upgrade if need be, which may be more cost effective.

**► $199.00 (inc GST)** - OR provided under your unlimited membership

► The master document has been signed off by LY Legal and is congruent with Australian law.

### General Information

LY Legal provide advice on the importance of regularly updating an SMSF deed (as per ATO advice). If you would like to upgrade to the LYD deed, and/or if your client's deed has not been updated since 2017, it could be problematic. Our team are here to assist you.

### **Benefits**

- Easy to read and understand.
- Filled with fantastic strategies.
- Written by Australia’s foremost legal, technical and strategic expert, Grant Abbott.
- Newly-authored and covers all recent legislation changes.
- A legacy product dating 20 years or more.
- Signed off by LY Legal.
- Younger members can access older members’ imputation credits to ensure they are not lost.

### **Frequently Asked Legal Questions**

**Are the member applications and trustee consents included as part of this document?**

The consent is covered under Recital 3, the member application is covered in Provision 5. Having these listed as part of the deed itself is a much stronger position.

**How long does this document take to assemble?**

Depending on the complexity of the data, this document should take approximately 30-50 secs to assemble. If you experience timing outside of this please contact Support via the Surge app, alternatively please read this article for troubleshooting tips [https://info.lightyeardocs.com.au/supportcentre/troubleshooting-longer-assembly-times-timeouts](https://info.lightyeardocs.com.au/supportcentre/troubleshooting-longer-assembly-times-timeouts?hsLang=en)

**Do you have a data capture form I can use?**

Yes. It is available here: [https://info.lightyeardocs.com.au/supportcentre/data-capture-form-smsf-variation](https://info.lightyeardocs.com.au/supportcentre/data-capture-form-smsf-variation?hsLang=en)

**Is this document a legal document?**

All master documents have been signed off by LY Legal lawyers. LY Legal advises that *“at no time, due to inbuilt legal protection and security measures can a user change or amend a document on the LYD platform that has been signed off by a practicing solicitor. To do so would result in the user drafting a document of a legal nature and engaging in the provision of legal services. In addition, it would be a breach of copyright. In our opinion when completing the form fields through the LYD platform, users and their employees are merely carrying out an administrative task which is not the provision of legal advice.”*

However in some complex areas such as the insertion of a varied range of client instructions into a Will or other such documents the user must be mindful of the extent to which a document is being drafted by the user rather than merely the administrative task of completing a form where the relevant fields are inserted into the reviewed and signed  legal document provided by LY Legal.

The above advice is born out of numerous cases dating back to Re Sanderson, Ex parte Law Institute of Victoria \[1927\] VLR 394, 397 where the Court held:

*“if a person does a thing usually done by a solicitor, and does it in such a way as to lead to the reasonable inference that he is a solicitor – if he combines professing to be a solicitor with action usually taken by a solicitor – I think he then does act as a solicitor.”*

Likewise in ACCC v Murray (2002) 121 FCR 428, 448 where Murray was building a franchise business that involved the legal writing and drafting of Wills from scratch based on the client’s personal circumstances.  The Court held that this process was legal work.

**Is the document easy to read?**

All LYD products are written in plain English and assessed for readability. If at any time you come across any errors, please contact [support@lyd.com.au](mailto:support@lyd.com.au).

**What lawyers sign off on the LYD documents?**

All LYD documents are prepared and signed off by LY Legal.

**Are the LYD documents reviewed regularly?**

All LYD documents form part of the LYD internal review process. We review all documents at least annually or when required to do so due to changes in legislation. Further details of this process and a review schedule is include on this website.

**Can I get a sample of this document?**

Yes, please email [support@lyd.com.au](mailto:support@lyd.com.au) to request a sample document for you to review.

 

Last Reviewed: 11/09/2026

Last Updated: 11/09/2026

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