SMSF trustees should take care when borrowing money from related parties, says Bryce Figot. More and more self-managed superannuation fund (SMSF) trustees are engaging in limited recourse borrowing arrangements (formerly called “instalment warrant” borrowings). Many SMSF trustees borrow from banks, but a sizeable number borrow from related parties. Related parties lending to SMSF trustees can be
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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