Bare Trust

You can use AIS to create your SMSF borrowing (or “limited recourse borrowing”) documents. AIS offers different packages depending on whether:

 

  • the lender is a bank; or
  • he lender is a related party of the SMSF’s trustee(s) or is a third party (but not a bank).

Creating your SMSF borrowing documents through AIS is easy. Once you answer the question interface, you will immediately receive a link to download your documents including your Declaration of Custody Trust (sometimes called a bare trust). It takes about 10 minutes. Legal sign-off: All AIS master documents are written in plain language and are signed-off by our lawyers at Blundell Madigan. + Your 2nd, 3rd etc. orders for the same SMSF are:

 

  • $110 each (inc. GST) for an SMSF with an AIS deed; and
  • $176 each (incl. GST) for an SMSF without an AIS deed.

Bare Trust

Includes Minutes, Trust Deed & 3 bound copies of the From

$475

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General Information

What documents are included in the AIS package?

What documents are included in the AIS package?

The AIS limited recourse borrowing document package for SMSF borrowing when the lender is a bank includes:
Declaration of Custody Trust (sometimes called a bare trust);
Compliance Letter;
Trustee Minutes; and
an Establishment Kit explaining what to do next.

What information do you need to order a SMSF borrowing (bank) document package through AIS?

What information do you need to order a SMSF borrowing (bank) document package through Cleardocs?

The fund does not require an underlying AIS deed
What the SMSF borrowing package does not include
July 2010: Change of name for SMSF borrowing: “instalment warrant borrowing” now called “limited recourse borrowing”
Overview of limited recourse borrowing arrangements
The Banks’ requirements
You will need legal advice
More information about SMSF limited recourse borrowing arrangements

FAQS

(1) What description for the custodian’s capacity should I use?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(2)When should I sign the contract for sale and what details do I use for the contract?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(3)Can a person or entity be custodian of more than one custody trust for an SMSF?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(4)Do the AIS SMSF Borrowing (bank) documents allow for fixed or variable interest rates?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(5)Do the AIS SMSF Borrowing (related party) documents allow for fixed or variable interest rates?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(6)Do the AIS SMSF Borrowing (bank) documents allow for an interest only loan?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?

(7)Do the AIS SMSF Borrowing (related party) documents allow for an interest only loan?

What description for the custodian’s capacity should I use? When should I sign the contract for sale and what details do I use for the contract?