Daily Administration Agreement

Supercorp YourSMSF Daily Administration Agreement
Effective from 1 October 2011

This is an Administration Agreement (‘Agreement’) for the YourSMSF Daily Administration Service between Supercorp Administration Pty Ltd (ABN 23 010 867 633 ‘The Administrator’) and The Trustee or directors of a corporate trustee (‘The Trustee) of a Self Managed Superannuation Fund (‘The Fund’) using the YourSMSF Daily Administration Service. The terms and conditions of the Agreement are set out below.

Incorporated Materials

The following materials are incorporated in the Agreement:

Relevant sections of the Product Disclosure Statements (‘PDS’s) including the Cash Account and YourSMSF Daily
Financial Services Guide (‘FSG’) of Supercorp Financial Services Pty Ltd
Supercorp Trust Deed
Other publications of the Administrator (e.g. authority forms, application forms)

It is important that The Trustee fully understand the terms and conditions of this Agreement. You should contact the Administrator if you require further information.

Appointment

The Trustee agree to appoint the Administrator to provide the YourSMSF Daily services according to the terms and conditions of this Agreement. The Administrator agrees to this appointment and to act as a fund administrator for The Trustee.

Competency

The Trustee shall have a reasonable understanding about superannuation and the obligations of a trustee; be willing to act as a trustee, regardless of whether professional services are used. Trustee shall make every effort to ensure that the Fund is operating in an acceptable standard.

Administrator Obligations

The Administrator shall provide the YourSMSF Daily services to The Trustee in accordance with this Agreement. The YourSMSF Daily services may include:

Act as the primary address for all correspondence
Process incoming mail daily
Update primary operating bank account daily
Forward any mail requiring Trustee signatures daily
Process payments according to standing instructions (note that The Trustee must ensure that any payment instructions have been received by The Administrator no later than the Business Day prior to, or, no later than 10 AM on the actual Business Day that the payment is to be completed. The Administrator will not be responsible for any late payments due to instructions no being provided on this basis)
Revalue all ASX listed SMSF investments daily
Review compliance on an ongoing basis and advise Trustee immediately of any issues
Prepare and Lodge IAS & BAS, as required
Prepare annual pension schedules, if applicable
Reconcile other bank statements monthly or as frequently as possible if not available monthly
Arrange for a third party Actuarial Certificate to be issued where required (note the cost of the Actuarial Certificate is in addition to our fees)
Provide ongoing updates to the Trust Deed as required
Prepare Financial Reports, Member Statements and Income Tax Return annually
Arrange for a third party Audit unless otherwise advised (note the cost of the Audit is in addition to our fees)
Prepare S290 Contribution Form, where required
Prepare Minutes, as required
Lodge Income Tax Return
Provide general information, as requested

Trustee Obligations

Provision of Information

The Trustee shall ensure that all information supplied to the Administrator is timely, factual, truthful and accurate in a format acceptable to the Administrator. The Administrator is not obligated to verify the information supplied by The Trustee. If the information is doubtful or ambiguous in the Administrator’s opinion, the Administrator may reserve the right to suspend or reject the information until clarification is obtained. If The Trustee are not able to supply or verify the required information, the Administrator may choose (but not be obligated) to obtain information from other reasonable sources it sees fit.

Currency of Information

If there is a material change to The Trustee circumstances (e.g. death, divorce, bankruptcy, disability, employment change) or change in Fund details (e.g. contact, death nomination), The Trustee must inform the Administrator in a timely manner.

Ensure that information is sent directly to Supercorp

The Trustee shall ensure that wherever possible all information relevant to the superannuation fund is sent directly to the Administrator’s mail or e-mail address by the provider of that information.

Monitoring

The Trustee shall be given online access to the transactions and portfolio values of the Fund upon request. The Trustee shall monitor the Fund on a regular basis and inform the Administrator immediately of any discrepancy.

Review

The Trustee are required to review the work completed by the Administrator and relevant authorised third parties of The Trustee to ensure the information and transactions are applied correctly and is an accurate reflection of the Fund. This may include (but not limited to) the accounting of contributions, benefit payments, tax deductions, investment earnings. The Trustee must inform the Administrator immediately of any discrepancy.

Reworking

The Administrator may, at its discretion, charge additional reworking fee to amend work to rectify the mistakes or amendment caused by The Trustee or authorised third parties of The Trustee. To the extent that the mistake is of the Administrator’s own making, no additional reworking fee shall be charged.

Fund Bank Account Establishment

The Trustee agree to establish a Cash Account approved by the Administrator as the primary working account of the Fund and to make sure that all contributions or beneift and pension payments are processed via this account. The Trustee specifically acknowledge that the Administrators is only required to monitor contributions that have been paid into this bank account and have been identified as contributions for a specified member of the fund by the Trustee for the purposes of excess contribution limits for members.

Fund Bank Account Balance

The Trustee agree to maintain a minimum balance of $5,000 in the primary working account or such other minimum amount as is from time to time directed by the Administrator for the purpose of maintaining sufficient liquidity to attend to payments on The Trustee behalf.

Trust Deed

The Fund shall be operated based on the Supercorp Trust Deed and The Trustee shall update the deed from time to time as requested by the Administrator. The Administrator shall maintain its Business Rules in accordance with the most updated version of the deed.

The Trustee may vary the deed to address certain specific needs but such variation must be approved by the Administrator.

If The Trustee adopted or varied the deed that significantly departs from Supercorp Trust Deed or failed to update the deed as requested by the Administrator, the Administrator is not obligated to endorse such deed in its Business Rules and The Trustee shall acknowledge that this may cause the Fund to potentially operate in a manner that is not compliant with the deed.

Investment

The Trustee shall exercise prudent management to manage the Fund’s assets and in line with the investment strategy of the Fund.

The Trustee acknowledge that the Administrator does not provide investment advice or financial planning. The Trustee have full discretion to adopt, vary or reject the investment strategy template prepared by the Administrator.

Pay Administrator's Fees

The Trustee shall ensure sufficient cleared funds are available in the primary operating bank account to pay the Administrator it’s notified fee on the first Business Day of each month. For the avoidance of doubt the fee paid on the first Business Day of each month is for the performance of service for the month or part there of (in the event of termination prior to the end of the month) and/or for any additional services that were performed in the previous month which were not included in the payment made during that month.

Compliance

The Trustee shall operate the Fund at all times consistent with the superannuation law, Supercorp Trust Deed and the Business Rules of the Administrator. It is The Trustee responsibility to ensure that any service instructions given to the Administrator by The Trustee or the authorised third parties of the Trustee must be in compliance with those rules.

The Trustee acknowledge that, as stipulated by superannuation law, The Trustee of a SMSF is solely and ultimately responsible for the Fund’s compliance and that this responsibility cannot be delegated to another.

Service Instructions

The Trustee shall ensure that all instructions are given in a format acceptable to the Administrator. The instructions may be considered invalid or may not be acted on by the Administrator at its discretion if:

They are not given in a prescribed format (e.g. forms are not used when required);
The instructions do not contain necessary information to act on;
The instructions are addressed incorrectly;
The instructors are unidentified or unauthorised;
The instructions are beyond the scope of YourSMSF Daily services;
The instructions are unclear, contradictory or impractical to act on;
The authenticity of the instructions is doubtful in the Administrator’s opinion;
The Administrator becomes aware that, in its opinion, the instructions are not complying with the superannuation law, Supercorp Trust Deed, or Business Rules;
The Fund is a non-complying fund or has been wound up;
Fees remain unpaid beyond invoice due date; or
They are received after the Agreement has been terminated.

The Administrator may require that The Trustee personally identifies themselves where an instruction is given over the phone. Personal identification may be achieved via up to three challenge questions requiring individuals to answer questions based on member information such as date of birth, partners name, maiden name etc. Alternatively, The Administrator may provide the Trustee to store specified passwords specifically for use to identify phone callers. In the event that a phone caller refuses or is unable to provide sufficient answers to satisfy this identification challenge The Administrator may disregard any instruction provided.

If an instruction has been delayed, rejected or incorrectly carried out due to any of the abovementioned reasons, or any other factors that are outside of the Administrator’s control (e.g. third party’s errors, natural disaster), the Administrator shall have no liability for any losses that the Fund may incur even if the Administrator should have been aware of the potential for such loss.

Service Delivery

The Administrator shall execute any valid service instructions in accordance with its Business Rules and terms and conditions of the Agreement. To do this, The Trustee shall be required to make appropriate arrangements necessary to facilitate (not to hinder) the Administrator from performing the services. This may include (but not limited to) change of postal address for the Fund’s assets, provision of information in a timely and truthful manner, grant of third party authority etc.

Service is deemed to have been delivered when the Administrator has exerted reasonable effort to address the administrative need of the Fund, with or without The Trustee knowledge.

Delivery of Information

To the extent that it is allowed by superannuation law and the terms and conditions of the Agreement, the Administrator may choose to issue or deliver reports, statements, correspondences, notices, newsletters, or trustee documents to The Trustee electronically or physically.

The Administrator may deliver written communication only to the Fund’s primary contact person registered on the Administrator’s system (or any one of the available Trustee at the time).

The Administrator may contact The Trustee based on the contact details registered on the Administrator’s system (or any contact details given by any of The Trustee of the Fund at the time). This may include fax, email, telephone (including voice message, text message), or letter.

All Trustees of the Fund are deemed to be notified when any one of The Trustee is contacted in the abovementioned manner.

To the extent that is allowed by superannuation law and terms and conditions of the Agreement, the Trustee may issue instructions or communicate to the Administrator via fax, email, telephone, or letter in a format acceptable to the Administrator.

Reproduction of Information

The Administrator is not obligated to re-produce historical documents to The Trustee or any authorised third parties of The Trustee if such documents have already been supplied or made available to the Trustee. The Administrator may reserve the right of charging a fee for reproducing such materials when additional work hours are involved.

Trusteeship Representation

The Trustee shall communicate to the Administrator in a unanimous and consistent manner. Any comments, instructions or information given by any of The Trustee of the Fund to the Administrator are deemed as representative of the Fund and not contradictory to other Trustees of the Fund. The Administrator is not obligated to verify such information from each Trustee every time.

The terms and conditions of the Agreement are binding to The Trustee who are acting for the Fund at the time. This includes The Trustee who subsequently join the Fund following the commencement of the Agreement. The Trustee therefore agree and ensure that any new Trustees (before appointment) are made aware of and abide by the same terms and conditions in the Agreement.

Third Party Authority

The Trustee may authorise third parties to access information, initiate transactions, give service instructions or act on behalf of The Trustee about the Fund subject to the level of authority granted by The Trustee. (See Third Party Authority Form) Such authorisation can be explicit (e.g. a written third party authority form completed and lodged) or implicit/ implied (e.g. The Trustee told the Administrator to contact a third party for certain information).

The Administrator may reject a request from an authorised third party if in the Administrator’s opinion the authorisation of this third party is doubtful or his/her instruction is invalid.

The Administrator may, at its discretion, reject or terminate any third party authorisation anytime, except for power of attorneys or legal personal representatives who act under the prevailing law.

An authorised third party of The Trustee may include (but is not limited to) other fund administrators, financial advisers, fund auditors, stockbrokers, real estate agents, valuers, actuaries, accountants, solicitors, family members, company secretaries/ personal assistant, external institutions, and power of attorney or legal personal representative not appointed as Trustee etc.

Fund Records

The Trustee agree that any original documents received by the Administrator may be scanned and stored on the Administrator’s computer system electronically and that the original documents may be retained by the Administrator, destroyed or returned to The Trustee.

The Administrator is not required to provide any documents or services in the event that The Trustee are in arrears on the payment of the monthly subscription fee or have indicated to the Administrators that they wish to cease their subscription to the YourSMSF Daily service.

Fees and Expenses

The Trustee shall ensure that all Fees and Expenses owed by the Fund and The Trustee are paid by required due dates. The Administrator shall make payment from the Fund to settle the Fees and Expenses outstanding, subject to the level of payment authority granted by The Trustee. The Administrator may review its Fees from time to time. For any adjustment of the Fees, the Administrator shall give a 30-day written notice to The Trustee.

GST

All service fees are GST inclusive at the current rate of 10% and they shall be adjusted automatically to reflect any change in GST.

Advice Disclaimer

If The Trustee seek personal advice from the Administrator, they shall only speak to the authorised representatives of Supercorp Financial Services Pty Ltd in relation to the Fund. The Trustee shall not seek advice from other staff members who are not authorised representatives of Supercorp Financial Services Pty Ltd. Any advice given by the Administrator is limited to and deemed as general advice only and does not take into consideration The Trustee personal situation or needs.

Any advice, where given, must be in writing signed by an authorised representative of Supercorp Financial Services Pty Ltd. The Trustee specifically acknowledges that any personal, specific or product advice will never be provided verbally alone.

General Advice given by the Administrator may be undermined or unsuitable if the information, based on which advice is given, is impaired. This may include (but not limited to) the change of legislation, new regulatory rulings issued, change of rates or thresholds, limited or incorrect disclosure of information about the Fund, etc.

Access to Fund Information

The Administrator shall make information of the Fund available to The Trustee via online web access. Access of the information, however, may be limited during planned or unforeseen shutdowns caused by routine maintenance, system upgrade, hardware or software failure, network failure, etc.

The Trustee acknowledge that there may be a time delay in updating the Fund’s asset values and transactions that may cause the Fund information to be out of date. Reasons for this may include, but are not limited to, different reporting cycles employed for different assets, time delay between the receipt and update of the information, undisclosed transactions, incorrect disclosure of information by third parties or The Trustee, etc. Trustee should apply their own judgement and care in the use of information that has not been completed for a financial year and successfully audited.

Authority to the Administrator

The Administrator shall be authorised to act as the tax agent of the Fund, in order to prepare tax lodgement and/or conduct tax affairs in relation to the Fund including communicating to ATO.

The Administrator shall be authorised to communicate to external parties on behalf of the Fund in order to obtain information about the Fund and update account information.

The Administrator shall be authorised as an account signatory of the Fund’s Cash Account in order to administer transactions for the Fund. This allows the Administrator to have access to the daily transaction information, issue service instructions to the bank, issue bank cheques, monitor account balance, and process payments on behalf of the Fund.

Indemnity

If as a result of the Fund’s failure to comply with the regulatory requirements and/or the terms and conditions of the Agreement, the Administrator is caused to suffer a Loss, The Trustee shall indemnify the Administrator against such Loss.

Service Collaboration and Outsourcing

In order to perform the administration work, the Administrator shall be allowed to coordinate with professional service parties. Those parties may include (but not limited to) fund auditors, actuaries, valuers, advisers, accountants, stockbrokers, etc.

This Agreement does not restrict the Administrator from introducing other parties (whether they are associated to the Administrator or not) to offer services to The Trustee if the Administrator thinks they are capable of performing the tasks. Under exceptional or unexpected circumstances (e.g. natural disaster, power outage), the Administrator may arrange for another entity to perform the services in place of the Administrator under the Agreement.

Agreement Review

The Administrator may review and vary the terms and conditions of the Agreement from time to time. For any changes, the Administrator shall give a written notice to The Trustee 30 days in advance. In the event that changes have been made to this agreement and have been communicated to the Trustee in advance the Trustee is deemed to have accepted those changes unless they notify the Administrator in writing that they wish to terminate the YourSMSF Daily Service.

Prior Operation

If the Fund has been operating prior to the date this Agreement commences, the Administrator may choose to carry out due diligence to ensure the Fund has been operated or administered in a prudential manner and in compliance with the applicable laws.

If the Administrator is not satisfied with the findings, the Administration may, in its discretion:

Terminate this Agreement; or
Request to perform rectification work to address the problems identified by the Administrator for a fee and The Trustee must provide all assistance that is necessary to complete this work.

Service Term

The Agreement is effective on the latter of 1 October 2011 or immediately once a valid application is lodged by The Trustee, to the Administrator.

The Trustee may terminate the Agreement at any time by providing 30 Days written notice. In the event of notification of termination any outstanding amount is immediately due payable to the Administrator.

The Agreement is deemed to be continued until it is validly terminated.

Termination

The Agreement may be terminated by either party at any time if a termination notice (a valid service instruction) is given to the counter party 30 days prior, unless specified otherwise by this Agreement. In this case, the effective termination date is the date mutually agreed in writing by both parties or the latter of:

30 days after a valid written notice is served; or
The nominated date specified on the termination notice.

The 30-day notice requirement can be waived and the termination can take place effective immediately if one of the following occurs:

Mutually agreed by and at discretion of both parties; or
The Fund has been wound up; or
The Fund has become non-complying and remained non-complying for more than three (3) months; or
The Agreement has been breached by The Trustee; or
The Administrator has ceased to offer YourSMSF Daily; or
Other conditions specified by this Agreement.

The Fees shall be calculated to include any services that have been or will have been performed (wholly or partially) by the Administrator up to the effective termination date.

The Administrator shall complete the termination process and hand over the necessary fund documents in accordance to its Business Rules, after all outstanding Fees and Expenses in relation to the Agreement are paid in full. Where the Termination has not occurred because the Fund has been wound up, or, the Fund has become non-complying, or, The Trustee have breached the Agreement then the Administrator will refund to The Trustee an amount equal to $40 for each completed month since the fund last had its annual financial records completed. For example, if The Trustee informed the Administrator 2 January 2012 that it wished to terminate the Agreement with effect from 31 January 2012 and the Administrator had not yet provided The Trustee with the financial reports for 30 June 2011 (but had provided reports for 30 June 2010) and The Trustee were not in breach of this Agreement the Administrator would refund to The Trustee the amount of $760.00.

Following the termination, the Administrator shall no longer be required to provide any further services even if those services relate to a period or periods during which the Trustee was paying a subscription and the Administrator was providing YourSMSF services to the Trustee. For the avoidance of doubt, the Administrator is not required to complete any end of year processing or reporting if the Agreement is terminated prior to that processing or reporting being completed.

The Administrator shall also no longer be required to receive, archive, retain, forward, produce or supply any fund documents (e.g. financial accounts, correspondence, historical data, trustee documents) for the Fund. The Administrator may, at its discretion, reject, archive, destroy, or send back the abovementioned information that is received by the Administrator after the termination date.

Any pre-existing information of the Fund retained on the Administrator’s system may also be deleted or destroyed. The Trustee shall ensure, prior to the termination, an appropriate arrangement is made to ensure any required information has been or will be transferred to The Trustee which the Administrator is obliged to do so long as the Trustee was not in breach of the Agreement and there are no outstanding fees owed to the Administrator.

Transfers

A Trustee may transfer from the Daily Service to the Annual Service at any time by providing written notice 30 days prior to the intended transfer date. The effective Transfer Date is the date mutually agreed in writing by both parties or the latter of:

30 days after a valid written notice is served; or
The nominated date specified on the transfer notice.

The Daily Fees shall be calculated to include any services that have been or will have been performed (wholly or partially) by the Administrator up to the effective termination date. The Administrator shall complete the transfer process after all outstanding Fees and Expenses in relation to the Daily Agreement are paid in full. The Administrator will credit to The Trustees an amount equal to $60 for each completed month since the fund last had its annual financial records completed. For example: if The Trustee informed the Administrator 2 January 2012 that it wished to transfer the Fund to the Annual Service with effect from 31 January 2012 and the Administrator had not yet provided The Trustee with the financial reports for 30 June 2011 (but had provided reports for 30 June 2010) and The Trustee were not in breach of this Agreement the Administrator would refund to The Trustee the amount of $1,140.00. The end of year reporting for the year ending 30 June 2011 would then be provided by the Annual team at the normal fee less any amount in credit.

The Trustee must immediately take steps to change the mailing address of information that under the Daily Service was being sent to the Administrator. In the event that mail continues to be sent to the Administrator then it may be kept for when the Annual Team get to the processing of the end of year reporting however the Administrator will not be responsible for forwarding it to the Trustee or for reviewing any information in case it is time sensitive. For the avoidance of doubt, under the Annual Service the Administrator takes no responsibility for any information sent to it on behalf of the Trustees.

Ownership of Documents

The final Financial Statements, Income Tax Returns and any other documents which are included in the Administrator’s Obligations and which have been prepared during the period of the Trustee subscription, along with any original documents given to The Administrator by The Trustee, shall always remain the property of The Trustee. Any other documents brought into existence by the Administrator during the course of the Agreement including general journals, working papers, the general ledger, draft financial statements and copies of tax returns etc, will remain the property of the Administrator at all times.

Court Orders and Subpoenas

In the event that the Administrator is required to respond to a subpoena, court order or other legal process for the production of documents and/or testimony relative to information obtained and/or prepared during the course of the administration services, The Trustee agree to compensate the Administrator at the then standard hourly rate for consulting for the time spent in connection with such response, and to further reimburse the Administrator for all out-of-pocket costs incurred in that performance of this requirement. The Trustee Acknowledge this requirement even if they do not recognise or agree with the court order or subpoena.

Payment of Fees

Monthly Subscription Fees for the YourSMSF Daily service are due and payable on the first Business Day of each month.

The Administrator becomes presently entitled to a Fee (other than the Monthly Subscription Fee) when the Trustee has requested or requires additional service and when such service has been delivered or a service instruction has been given, whichever occurrs earlier. When a Fee (including a Monthly Subscription Fee) is currently owed to the Administrator, the Administrator may deduct the Fee from the Fund’s Cash Account directly.

If a Fee remains unpaid after the due date, the Administrator may at its discretion cease its services without prior notice and the Administrator is entitled to charge interest accrued at commercial interest rates and other incidental costs related to the payment recovery. (e.g. third-party credit collection expenses)

Declaration

The Trustee declare that The Trustee have read, understood and agreed unanimously to comply with the terms and conditions set out in this Agreement (including definitions) and other incorporated materials that form part of this Agreement.

The Trustee acknowledge that the Administrator is entitled to deem The Trustee acceptance and accession to this Agreement if The Trustee continue to accept the YourSMSF Daily services and continue to allow the payment of the fees after 1 October 2011. For the avoidance of doubt the Administrator is not required to receive the Trustee agreement in writing or orally.

Interpretation

The Administrator reserves the right to interpret the terms and conditions of this Agreement and any other publications of the Administrators, subject to the prevailing legislations and interpretation guidelines issued by the relevant authorities.

Definitions

In this Agreement the following words have the meanings shown and related words and expressions have corresponding meanings:

Administrator: Means Supercorp Administration Pty Ltd (ABN 23 010 867 633) that is the entity that provides YourSMSF Daily services.
Agreement: Means this Administration Agreement for YourSMSF Daily services between the Administrator and Trustee.
Application: Means an application lodged to the Administrator (either electronically or physically) for YourSMSF Daily Services or any similar preceding services.
Assets: Means any financial assets or beneficial interest the Fund held or owned by the Fund. This may include (but not limited to) listed securities, managed investments, properties, cash, term deposits, insurance policies, unit trust, or entitlement in a trust, etc.
Business Day: Means any day that most bank are open and operating in Brisbane.
Business Rules: Meansthe internal business procedures, service standards, guidelines and protocols set up and enforced by the Administrator by which the staff members of the Administrator and The Trustee are required to adhere to. For The Trustee, such information is normally mentioned in the Administrator’s publications and correspondence.
Cash Account: Means an approved bank account set up by the Fund that the Administrator is authorised to have access to transaction information and account operation.
Expenses: Means expenses payable by The Trustee to parties other than Supercorp in relation to the operation of the Fund. It may include professional service fees (e.g. stockbrokers, solicitors, actuaries, auditors, real estate agents, etc.), investment related expenses, operating expenses, insurance premiums, taxes (including GST), levies or penalties, withholdings, duties or other expenses of similar nature incurred in relation to the operation of the Fund.
Fee(s): Means the fees payable by The Trustee to Supercorp in accordance with any fee schedule provided to the Trustee or that is available on the yourSMSF web site http://www.yoursmsf.com.au in return for the provision of the YourSMSF Service. It may also include any fees for establishment services, ongoing administration services, on-demand services, additional services performed, expenses to be reimbursed, costs to be recovered, or losses to be indemnified to Supercorp.
Fund: Means the Self Managed Superannuation Fund of The Trustee that the Administrator is providing or will be providing YourSMSF Daily services to under this Agreement. It is the Self Managed Superannuation Fund that is named in the Application.
FSG: Means the Financial Services Guide of Supercorp Financial Services Pty Ltd.
GST: Means a goods and services tax, value added tax, consumption tax or similar tax or a tax on services only.
Instructions: Means any direction made by The Trustee to the Administrator in relation to the administration of the Fund which represents a request for the Administrator to act or not to act on certain matters for the Fund within the scope of YourSMSF Daily services. This may include termination of service. If an instruction is invalid, the Administrator needs not to carry out.
Incorporated Materials: Means other documents or publications that are incorporated as part of this Agreement.
Loss: Means any losses that Supercorp has suffered, paid for, or has been made liable to pay for any actions, claims, demands, proceedings, costs, damages, expenses, liabilities (include legal costs), reputation damage, and/or loss of revenue, etc.
Supercorp: Means Supercorp Administration Pty Ltd, the entity responsible for providing YourSMSF Daily Service under this Agreement.
Supercorp Financial Services Pty Ltd: (ABN 11 054 157 603) holds an Australian Financial Services Licence (247280) under which Supercorp Administration Pty Ltd is a corporate authorised representative (341650).
Supercorp Trust Deed: Means the default trust deed provided for YourSMSF Daily Service clients. This is also the trust deed on which services are provided.
Trustee: Means director(s) of a corporate trustee or the individual trustee(s) of the Fund that is being administered or will be administered by the Administrator under YourSMSF Daily services. It may also include The Trustee executors, legal personal representatives, enduring power of attorneys that is (are) appointed to act in the capacity of the trustee(s).
YourSMSF Daily: Means the administration services provided to The Trustee by Supercorp in relation to the SMSF as determined by the then current Supercorp business rules or similar documentation provided to The Trustee.

This agreement is also available in PDF format:

yourSMSF Daily Administration Agreement

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