The Superannuation Laws require the Trustee to use a Holding Trust to hold the legal title of any single acquirable asset under a limited recourse borrowing arrangement. Although it is generally preferred to have a corporate trustee for the trustee of the Holding Trust, it is not required under section 67A of SISA 93 (for non-bank lending).
This document pack establishes the HT and LRBA arrangement for an SMSF acquiring property through non-bank lending. If you are using a Corporate Trustee, please ensure this is established first. These can be located under the ‘Companies’ category on the LYD platform.
► $229.00 (inc GST) – OR provided under your unlimited membership
► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.