18/08/2008

SUPERCentral’s Governing Rules were updated in December 2007 to allow SMSF borrowing in accordance with the SIS ACT.
 
Advisors and Trustees should be aware that lenders prepared to make loans to super funds may require different security provisions to be included in the Governing Rules of the fund.
 
Therefore, if you or your client is considering or currently in the process of taking out a loan for a super fund we strongly advise that you contact SUPERCentral’s Special Counsel for more information on the contact details below:


Michael Hallinan  BA, LLB, FTIA                                                                            
Special Counsel

David Garde  B.Ec, LLB
Special Counsel    
                                                                                                
Townsends Business & Corporate Lawyers
Telephone: 02 8296 6266