Fees for establishing a Limited Recourse Borrowing Arrangement.

We attend to the preparation of the documentation required to enable an SMSF to purchase property using Limited Recourse Borrowing Arrangements.

A couple of scenarios are listed below that will assist in determining the cost – All prices include GST.

 

i) An existing SMSF wishing to establish a Limited Recourse Borrowing Arrangement:

– Bare Trust Deed PDF Version Binder Version
– Establishment of corporate trustee for the Bare Trust (incl ASIC registration fee $479, Company Constitution, relevant minutes, etc.) $1,305 $1,390
– Investment Strategy template
– Deed upgrade if needed

 

ii) A new SMSF with a corporate trustee is to be set up and requires a Limited Recourse Borrowing Arrangement:

– Deed and related minutes for the SMSF set up as well as application for the ABN and TFN PDF Version Binder Version
– Establishment of sole purpose corporate trustee for the SMSF (incl ASIC registration fee $479, Company Constitution, relevant minutes, etc.) $2,170 $2,320
– Establishment of corporate trustee for the Bare Trust (incl ASIC registration fee $479, Company Constitution, relevant minutes, etc.)
– Bare Trust Deed
– Investment Strategy template

 

iii) A new SMSF with individual trustees is to be set up and requires a Limited Recourse Borrowing Arrangement:

– This package is the same as above but without the sole purpose corporate trustee for the SMSF. $1,465 $1,605

 

Click here for a link to our Application Form – Limited Recourse Borrowing Arrangement ( Bare Trust )

 

Related Links

 

Note that this is a documentation service only.

Disclaimer. In providing this information Green Frog Super is not making any recommendations as to whether the acquisition of an investment under a limited recourse borrowing arrangement is or is not a suitable investment for any particular superannuation fund. We strongly recommend trustees of super funds should obtain independent legal and financial advice as to whether the acquisition of an investment under a limited recourse borrowing arrangement is an appropriate investment for that fund.