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If this fridge is also listed in the contract, it could cause a problem

Trap for SMSF borrowings — chattels, goods, LRBAs and SMSFR 2012/1!

A regulated super fund trustee can borrow, but only subject to very prescriptive rules. One such rule is that each ‘single’ asset must be purchased with a separate limited recourse borrowing arrangement. (See, among other things, SMSFR 2012/1.) Accordingly, if a super fund trustee wants to borrow to buy two assets, this might well be [read more]