Category Archives: SMSF Auditors

SMSF Auditor-Melbourne

Borrowing and Limited Recourse Borrowing Arrangements SMSF, generally, are not allowed to borrow money. A limited recourse borrowing arrangement is an exception. Borrowing and Limited recourse are when an SMSF borrows money to buy an asset. Here, if the SMSF defaults on the loan, the right of the lender is limited to the recovery of […]

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SMSF Auditor-Property Purchase

While the SMSF can purchase a residential property from a non-related third party, it cannot purchase a residential property off a member or related person of the member. An SMSF can, however, purchase listed shares or business real property (commercial and industrial) off a member. Ask our SMSF Auditor Julius Mather 03 9404 2737

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SMSF Auditor -Epping ….investment strategy

The recent SMSF investment strategy guidelines provided by the Australian Taxation Office (ATO) shows they consider the fund’s investment strategy to form part of a fund’s specific compliance documentation. As such, the investment strategy should be tailored to individual fund circumstances and should not be a document merely repeating standard verbiage. Each fund member has […]

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