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Superannuation fund transfers: from a ‘apparent’ purchaser to ‘real’ purchaser
If you borrowed funds for the purchase of property by your super fund, under the Limited Recourse Borrowing Arrangements (LRBA) under the Superannuation Industry (Supervision) Act 1993 (the SIS Act), you will have established a ‘bare trustee’ or ‘custodian trustee’ (also known as the apparent purchaser) to hold the property until such time as the borrowings have been repaid, at which time you should then transfer the property to the ultimate trustee for your super fund (also known as the real purchaser).
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Our Wills & Estates team assists clients in preparing their Wills, Powers of Attorney, and succession plans. We also help executors manage estates after a loved one’s death.
Estate planning involves creating a Will, setting up Powers of Attorney, and making sure your assets are distributed according to your wishes. Our team at Harris Lieberman can help you structure your estate to account for taxation needs and vulnerable beneficiaries.
You can start the process by contacting our team for an initial consultation.
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If you've been injured at work, on the road, or in a public place, our Personal Injury and Workcover team can help you claim compensation. It’s crucial to seek legal advice early, as strict time limits apply to making these claims.
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