Don Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

In terms of answering that question and the previous question: of course, there are a range of cash-flow requirements within an SMF, not just tax liabilities, which trustees are required to consider. They include the examples accounting and administration costs, investment fees and costs associated with maintaining real assets, such as property.

In terms of putting your question into some perspective, Senator Colbeck, I think it's worth pointing out that only 0.2 per cent of SMFs have a hundred per cent of their assets—