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
- the 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 set up). 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.