Limited Recourse Borrowing Arrangement

$330 (incl. GST) 

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Generate documents for a SMSF to enter into a Limited Recourse Borrowing Arrangement (LRBA) in accordance with section 67A of the SIS Act.

The following documents will be generated as part of the completed order:
– Bare Trust Deed
– Limited Recourse Borrowing Trust Agreement
– Statutory Declarations
– Member Acknowledgements
– Certificate of Beneficial Ownership
– Trustee resolutions

Related Party Loan?

Where the fund has entered into a loan with a related party, you have the ability to also create the loan facility agreement documentation.  The order process will allow you to determine whether the fund is looking to comply with the safe harbour requirements within PCG 2016/5.

To start ordering, simply follow these steps:

  1. Sign up to the Smarter SMSF platform (it’s free).
  2. You will receive an email with your login details.
  3. Once logged into our platform, select ‘Documents > Create New’.
  4. Follow the prompts, review & submit your order.
  5. You’ll have the order instantly delivered to you in less than 5 mins.

How to videos

Order an LRBA

This video explains the process in ordering a limited recourse borrowing arrangement on the Smarter SMSF platform.

 

Related Party LRBA loan facility agreement

This video explains the process in ordering a related party loan facility agreement for an LRBA on the Smarter SMSF platform.

 

Need assistance?

If you require help with ordering your SMSF documents, get in contact with us online, by telephone on 1300 95 94 76, or email team@smartersmsf.com.

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Document Packages

We recognise that practices come in all different shapes and sizes, and that’s why our Create document packages have been developed as a bundle to suit the size of your SMSF business. Our document packages start at $150 p/m for ANY 25 docs p/a and provide a substantial saving monthly.

To work out how many documents you might need for your business, try our document calculator that can help to determine the package that is right for you.

What documents are included in the New SMSF package?

Upon completion of your order, the new SMSF package will generate the following documents:

  • SMSF Trust Deed
  • Product Disclosure Statement (PDS);
  • Consents for the Trustees, or directors of the corporate Trustee;
  • Trustee minutes relating to the set up the SMSF;
  • Application for membership, including TFN notices;
  • Sample Death Benefit Nomination forms;
  • ATO trustee declarations; and
  • Bank Account establishment kit explaining what to do next.

Having completed your order, you also have the ability to prepare a range of additional documents including (nut not limited to) the fund’s Investment Strategy and Death Benefit Nominations for each member.

What can I call the new SMSF?

Anything you like, as a super fund doesn’t need a name under the common law; no trust does. A trust is not a legal entity, it is a relationship. It is one entity (trustee) holding an asset for the benefit of another entity (beneficiary).

We’ve seen some clever and funny names along the way including Spendid the Kid’s Inheritance Super Fund, MoneyTree Super Fund, Rolling Rich Super Fund, and the Super Duper Super Fund.

Typically, however we see most people taken a practical approach to naming conventions linking back to a family name – e.g. John & Jane Citizen may call their SMSF – Citizen SMSF, Citizen Super Fund, Citizen Family Super Fund, Citizen Retirement Fund – just to name a few…

Importantly, it would be unwise to choose a name that:

  • is obscene
  • is seditious
  • is defamatory
  • suggests connection with royalty or government
  • is misleading or deceptive, or
  • is the same as an unrelated commercial enterprise.

From a practical point of view perhaps it might be best to:

  • use a short name
  • don’t bother with ‘The’
  • use ‘Super’ in preference to ‘Superannuation’
  • not use a name that readily identifies the members or connection with the member’s business.

Does it matter if there is another SMSF with the same name?

No, again you have complete flexibility in calling the super fund whatever you want.

The distinguishing feature between different SMSFs with the same name is the fund’s ABN, which each is super fund is required to register for.  You can search up a list of super fund names through the ATO’s superfundlookup.gov.au

Who needs to sign the fund documentation?

No, again you have complete flexibility in calling the super fund whatever you want.

The distinguishing feature between different SMSFs with the same name is the fund’s ABN, which each is super fund is required to register for.  You can search up a list of super fund names through the ATO’s superfundlookup.gov.au

Limited Recourse Borrowing Arrangement – Sample Document

To view a sample:

  • Sign up for free to gain access to our platform.
  • View sample documents from our Knowledge Centre.
  • Order documents on a PAYG basis.

 

If you need expert assistance, have a look at our Smarter SMSF support package