---
title: "SMSF trustee minutes and member request: commencing an account-based pension"
url: "https://ailawframework.com/precedents/superannuation/smsf-minutes-account-based-pension-commencement"
type: "precedent"
site: "AI Law Framework"
id: "a27-smsf-minutes-account-based-pension-commencement"
area_id: "A27"
kind: "form"
ai_level: "yellow"
version: 1
task_ids: ["A27-A20260923-3"]
law_stated_as_at: "2026-10-18"
---

# SMSF trustee minutes and member request: commencing an account-based pension

> A member's written request and the trustee's minutes to start an account-based pension in an SMSF: condition of release, start day and valuation, tax components, reversionary or non-reversionary terms, first-year…

Canonical page: https://ailawframework.com/precedents/superannuation/smsf-minutes-account-based-pension-commencement  
Law stated as at: 2026-10-18

Site index for agents: https://ailawframework.com/llms.txt

A member's written request and the trustee's minutes to start an account-based pension in an SMSF: condition of release, start day and valuation, tax components, reversionary or non-reversionary terms, first-year minimum payment and the transfer balance account report.

## Key facts

- Kind: Form. A form to complete, or a guide to completing an official one.
- Practice area: [Superannuation](https://ailawframework.com/precedents/superannuation.md)
- Jurisdictions: Australia
- AI level: Yellow. AI can help in set ways. A lawyer checks specific points before use.
- Law stated as at: 2026-10-18
- Status: Maintained. Checked on 2026-10-18 against the 2 authorities it cites, for Australia.

## When to use it

Use when an SMSF member who has met a condition of release asks the trustee to start an account-based pension. Read the fund deed first: the pension must be permitted by, and paid under, the deed's rules. For a transition to retirement income stream, add its maximum payment limit.

## Used for these tasks

- [Draft trustee minutes and a resolution from the meeting papers](https://ailawframework.com/practice/superannuation.md#A27-A20260923-3)

## How AI may be used

AI may fill the request and minutes from the member's details, valuation and member statement and work the first-year minimum from figures supplied; the adviser or lawyer checks the condition of release, the deed, the reversionary choice and the calculation before the trustees sign.

**AI may:**

- Fill names, dates, the start-day balance and tax components from the valuation and member statement
- Work the pro-rata first-year minimum payment from the balance, age and start day, showing the calculation
- List the TBAR reporting and payment dates that follow from the start day

**AI must not:**

- Must not decide that a condition of release has been met
- Must not choose whether the pension is reversionary or who the reversionary beneficiary is
- Must not alter the valuation or tax components, or estimate a market value without objective data

**The lawyer checks:**

- Condition of release evidenced against the current SIS Regulations definition (for example a retirement declaration or proof of age), and the deed permits the pension on these terms
- Start-day valuation based on objective and supportable data, and tax components follow the proportioning rule
- Reversionary terms match the member's estate plan and any binding nomination, and the beneficiary is a dependant
- First-year minimum calculated correctly and the TBAR lodgement date diarised

## Authorities

- [Australian Taxation Office, Income stream (pension) rules and payments (SMSF): minimum pension standards, minimum annual payment, record keeping, valuation on the start day, proportioning rule and TBAR reporting](https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/self-managed-super-funds-smsf/paying-smsf-benefits/income-stream-pension-rules-and-payments)
- [Australian Taxation Office, Transfer balance account (credits on starting a retirement phase income stream)](https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/withdrawing-and-using-your-super/retirement-withdrawal-lump-sum-or-income-stream/transfer-balance-account)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/superannuation/smsf-minutes-account-based-pension-commencement and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*