For ease of administration, and long term cost effectiveness, we recommend you appoint a corporate trustee (see corporate trustee information sheet).
For a SMSF with a corporate trustee, each member must be a director and each director must be a member unless it is a single member fund in which case you need to contact us as some special rules apply.
Should you choose to appoint individual trustees, those trustees must be over the age of 18. A SMSF with individual trustees must have at least two members and no more than four members. All members must be trustees.