Dr Bill Orow has been featured in this month's Self Managed Super Magazine.
SMSF trustees who have sought specialist advice will have a solid defence against claims from the ATO that they have failed to meet their obligations, but only where the advice was relevant to the fund, according to a barrister involved with the Marsella case.
Specialist SMSF advice can act as a defence against claims a trustee has breached their obligations, but only where that advice is appropriate and relevant.
"Written advice would always be viewed favourably because it showed a trustee had taken their obligations seriously and in circumstances where they have relied on that advice, it shows they have acted reasonably and not with recklessness or dishonesty" Bill states.