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How to benchmark related party LRBAs when a bank won’t lend … including where buying a reg 13.22C unit trust!

How to benchmark related party LRBAs when a bank won’t lend … including where buying a reg 13.22C unit trust!

Related parties can lend to SMSFs. However, it is critical to watch out for non-arm’s length income. The solution is to benchmark. But how do you benchmark in situations where banks won’t lend? This is particularly an issue where the asset being acquired is units in a reg 13.22C unit trust. I have a solution! [read more]

Can a super fund reject excess contributions

Can a super fund reject excess contributions?

An SMSF trustee is required to reject contributions in certain circumstances. This rejection rule can prove very helpful for overcoming an excess non-concessional contribution (‘NCC’). Advisers must be aware of how this rule works if they seek to rely on it. Fund-capped contributions can be rejected Regulation 7.04(3) of the Superannuation Industry (Supervision) Regulations 1994 [read more]

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