The Residency Status of a SMSF Will Not Be Jeopardised

question 11

Multiple Choice

The residency status of a SMSF will not be jeopardised where the trustees:

• A) travel overseas for no more than 30 months before returning for at least 28 days.
• B) travel overseas for no more than 24 months before returning for at least 14 days.
• C) travel overseas for no more than 24 months before returning for at least 28 days.
• D) none of the above.

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Definitions:

Hierarchy of Needs

A theory proposed by Abraham Maslow suggesting that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Sandwich Generation

A generation of people responsible for bringing up their own children and for the care of their aging parents.

Skipped Generation

Skipped generation refers to family situations where grandparents are the primary caregivers for their grandchildren, often due to the absence or incapacity of the parents.

Long-Term Romantic Partners

Individuals involved in a sustained romantic relationship characterized by emotional and often legal ties.