SUPERCentral legal services are provided by TOWNSENDS BUSINESS & CORPORATE LAWYERS

SMSF Gearing Unwinding

$825.00

Once a super fund’s limited recourse loan is repaid the fund may wish to unwind the arrangement.

Effective 24 September 2007 the fund’s interest in the holding (bare) trust does not become an in house asset merely because the loan has been repaid. Therefore as the loan comes to an end there are three choices for the super fund to consider:

1.    the super fund leaves the property in the holding trust,

2.    the holding trustee sells the property to a third party at the direction of the super fund,

3.    the holding trust is wound up and the property is transferred to the super fund trustee.

Our documents package includes the preparation of the following required for the unwinding of the bare trust arrangement:
Letter of advice on how to complete, execute and process all documents
Transfer document
Discharge of Mortgage
Notice of Sale or relevant document required in your state or territory
Resolutions of the SMSF Trustee
Formal direction by the SMSF Trustee to the Holding Trustee requiring the Holding Trustee to sign the Transfer
Resolutions of the Holding Trustee
Covering letter to the duties office for concessional stamping of the Transfer

Our documents package includes the preparation of the following required for the unwinding of the holding trust arrangement:

  • Letter of advice on how to complete, execute and process all documents
  • Transfer document
  • Discharge of Mortgage (for related party loands)
  • Notice of Sale or relevant document required in your state or territory
  • Resolutions of the SMSF Trustee
  • Formal direction by the SMSF Trustee to the Holding Trustee requiring the Holding Trustee to sign the Transfer
  • Resolutions of the Holding Trustee
  • Covering letter to the duties office for concessional stamping of the Transfer

Implementation Service

Our implementation service includes lodgement of all relevant documents with both the duties and titles office, as well as responding to any standard requisitions raised by either office. Please contact us for further details.

For more information on SMSF Gearing, please click here

To order:

  • Fill in online order form or download instruction sheet
  • Choose your payment option
  • Your documents will be available within 72 hours of receipt of final instructions and payment