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Deed of Promissory Note

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Deed of Promissory Note

$129.00

The Commissioner of Taxation considers a PN to be a cash equivalent, provided the note is for a short-term duration only. Any longer term and the PN turns into a loan.

The parties to the PN may be individuals, companies, Trusts or SMSFs.

Please note: This is a short term Promissory Note only and the term should be for a period no longer than 6 months. A SMSF Trustee Promisee should be no more than 3 months.

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Description

The LightYear Docs Deed of Promissory Note (PN) is a short-term promise to pay an amount paid to the issuer of the PN by the note holder.

It may be transferred and can be used as a cash equivalent.

Please note: This is a short term Promissory Note only and the term should be for a period no longer than 6 months. A SMSF Trustee Promisee should be no more than 3 months.

► $129.00 (inc GST) – OR provided under your unlimited membership.

► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.

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