Due to their significant convenience and efficiency we have adopted the use of electronic signatures as our default – but not for everything. We still require wet signatures for Deeds, and some other documentation, even though this slows down the process. We know that some deed suppliers do not follow this practice so why do we?
An article appeared in Lawyers Weekly in January 2018 which deals with the matter in some detail.
Essentially, within the legal fraternity, the use of e-signatures remains untested and controversial.
We take a conservative approach and have no desire for any SMSFs that we’ve established to be the subject of a test case so we will stick to wet signatures for the moment.