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Succinctly put and so true. Irrespective of which party fiddles with SMSF's, Trust's and other entities, we need to be flexible and able to adapt. In any instance be aware of the rules and play by those rules. Optimise entitlements and claim every legal deduction possible. Having a variety...

You are allowed a max of 4 members per fund if i'm not mistaken, so that needs to be factored in. Further to Rowena's post above, the split would likely be apportioned to what each member is entitled to as far as percentage of assets owned (depending on contributions and individual member's...