DIN and SMSF Corporate Trustees
Perrier Ryan • December 15, 2021
Chicken or the Egg - Corporate Trustee or Director ID?
There are reports of some confusion around whether to establish a corporate trustee for an SMSF fund first, or obtain a Director ID. Mary Simmons from the SMSF Association says: " it makes sense that anyone who is considering setting up a new corporate trustee for an SMSF should get their director ID first and then proceed to setting up an SMSF ".
As a reminder, the timeline for obtaining a DIN is:
From 1 July 2027 new laws will require companies to provide director IDs to ASIC when updating company details
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