What does Heffron's LPoA allow?
Heffron's Limited Power of Attorney document allows certain staff at Heffron to:
- lodge forms to activate the data feeds for the fund’s accounts;
- contact financial institutions on your behalf to obtain information on accounts related to your SMSF; and
- obtain information on investment and asset purchases made by the fund.
The LPoA allows us get what we need when we need it. That means we can keep your fund up to date in ways that wouldn’t be possible if we were seeking the information in any other way.
The Heffron staff you are enabling to sign documentation on your behalf have been appointed by our Board of Directors.
As we have specifically limited the scope of the document, we will still need to obtain some documentation from you from time to time in order to undertake our duties as the administrator of your fund.
What does Heffron's LPoA not allow?
- Buy and sell investments
- Withdraw funds
- Transfer funds out of your SMSF
- Open or close investments or bank accounts or move money between accounts
- Change your investment strategy
- Change important documents like binding death benefit nominations (instructions about how your super is dealt with when you die)
- Rolling over member balances into your SMSF
- Act on your behalf in any other way or make any other important decisions about your fund that should be made by the trustee.
If you have any questions relating to your Heffron LPoA contact us to learn more.
