From www.accountantsdaily.com.au: A recent case highlighted the heightened expectations of trustee conduct for self-managed superannuation fund SMSF members, culminating in the disqualification of a director who made 117 illegal withdrawals from the fund.

The tribunal noted that the director, despite being an accountant and previously warned about his breaches, exhibited a “contumelious disregard for the law” over a six-year period.

The ruling emphasised the need to protect the integrity of the superannuation system, leading to the conclusion that the director posed an ongoing compliance risk.