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Loan Facility Agreement (Division 7A)
Our Loan Facility Agreement (Division 7A) documents includes:
- Loan Agreement (Division 7A) Agreement (unsecured 7 or 25 year loans)*
- Resolutions
- Covering letter
- Explanatory Memo
* Note that the mortgage and arranging the charge to be placed on the title to the property for a 25-year Division 7A agreement is typically done by the client’s usual property lawyer (and not DBA Lawyers).
Our price is $1,500 + GST to prepare the above
We can also provide legal advice as required in respect of the agreement, tax and related matters based on our usual fee rates.
Proposed Changes to Division 7A
Substantial changes to Division 7A are still to be proposed. The commencement date is likely to be from 1 July 2021 (bearing in mind the commencement date has been deferred on numerous prior occasions).
Please contact us to place an order.
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