[The Auditors Institute Ltd]

Hello Alain

Thanks for the question.

Mentioning the trustee’s status on Super Fund Lookup and its status with ASIC in the management letter is appropriate.

The ASIC “Strike-off in progress” is presumably caused by the trustee not paying its annual ASIC fee.  It is important that this fee (plus penalties) are paid as soon as possible, so as to avoid the situation where the assets held by the corporate trustee on behalf of the super fund vest in ASIC.

A link to an article is attached discussing the problems that arise where a corporate trustee is struck-off by ASIC:

Avoid trustee company deregistration

Best regards

The Auditors Institute