Custodian trust set up pack (related lender) for real property
(individual trustees)

PLEASE CONFIRM THE FOLLOWING

1. I want to set up a custodian trustee (limited recourse borrowing arrangement) for the fund to purchase real property.


2. This is for an existing Australian SMSF fund which has individual trustees.


3. The fund will be purchasing the property using money lent to it by a private (non-commercial lender), for example a member of the fund.


4. A contract for purchase of the property has not yet been entered into.


5. The property is currently owned by someone completely independent of the fund.


6. I have looked at the deed of the existing fund and confirm that the fund is able to:-
   1. borrow
   2. purchase real property
   3. lease and let property, and
   4. give security by mortgage or charge (if the lender is to take security)