Does the trust deed for the SMSF have to specifically allow for the payment of an ABP?

The trust deed for the fund must allow for the ABP to be paid.  Trust deeds drafted before mid-2007 will not expressly allow for an ABP to be paid, as the legislation in relation to ABPs was only finalised at that time.  If the existing trust deed was drafted before mid-2007, we would recommend that it now be upgraded for this reason alone (if requested, we can now arrange for the trust deed to be upgraded).