I need a trust so that my self managed superannuation fund can borrow; my bank has told me I need a “bare trust”. Can you prepare this Trust?
A trust for the purposes of superannuation borrowing under the SIS Act is not necessarily a “bare” trust per se, as it is subject to the terms of the loan made to the superannuation fund by the financial institution. We provide a trust for this purpose and associated documentation, including advice on the structure and which entity to name on the Contract. The Trustee of this trust is recommended to be a new company and we can incorporate a company for this purpose also if you wish. It may also be the case that the Governing Rules of your Fund need to be updated as the existing Deed may not provide for this type of borrowing. You can download an instruction form from this website and return it to us with a copy of the Governing Rules of your Fund for more information. • What is the stamp duty payable on my trust Deed or Amending Deed? The answer will depend on the Deed in question and the state you are in. Please see the links section of our website for links to the State Revenue websi
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