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Can I ask a self managed super fund question? I signed a off
I signed a off -the -plan property purchase about 2 years ago with the intention of nominating my self managed super fund as the purchaser at settlement . The settlement will be in about May this year. That means the contract is currently in my personal name but at settlement I will nominate my smsf as the purchaser. Am I allowed to do that? Thanks. … read more
John Melis
John Melis
Lawyer
Bachelor's Degree
35,610 satisfied customers
Brief Background: My SMSF purchased a property in Sep 2017,
Brief Background: My SMSF purchased a property in Sep 2017, The property is finally completed and due to settle. Unfortunately, we are not able to settle as I was recently made redundant an the lendin… read more
John Melis
John Melis
Lawyer
Bachelor's Degree
35,610 satisfied customers
Background In September 2017, we were approached by
Background In September 2017, we were approached by financial group to review our financial position. As a result they recommended an investment property for our SMSF. The contract was pre-filled and … read more
John Melis
John Melis
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Bachelor's Degree
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I am in a SMSF that my 'then' husband in 2017 set up. It is
Hello, I am in a SMSF that my 'then' husband in 2017 set up. It is a Superchoice fund and there is an accountant running it. … read more
Leon
Leon
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Master's Degree
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Lost a deposit paid for through a SMSF, not sure what to do,
Due to the low balance in the SMSF I could not service s lisn… read more
John Melis
John Melis
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Bachelor's Degree
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I have a badly managed smsf which is holding up my pension
I have a badly managed smsf which is holding up my pension from centre-link. I feel a need to speak to solictor as to legally stand I where stand with the present status. … read more
John Melis
John Melis
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Bachelor's Degree
35,610 satisfied customers
I invested monies by way of a term deposit in the name of my
i invested monies by way of a term deposit in the name of my SMSF(which has a corporate trustee)with a banking institution. With the changes to the superfund legislation that came into effect on 1 Jul… read more
Leon
Leon
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Can you tell me if i can purchase a hotel- motel in SMSF
Hi Can you tell me if i can purchase a hotel- motel in SMSF and live in the premises as a caretaker of the motel… read more
James D. Ford
James D. Ford
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We have exchanged contracts in 2011 on a unit in NSW , however
We have exchanged contracts in 2011 on a unit in NSW , however have just been advised by our Bank, after applying for Finance , that the contract is illegal ( by the way we have been dealing with this… read more
Leon
Leon
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Master's Degree
33,424 satisfied customers
I am both a trustee and a beneficiary of a SMSF. I have been
I am both a trustee and a beneficiary of a SMSF. I have been drawing an income from the SMSF in 2014 as part of being entitled to a Transition to retirement arrangement due predominantly to the fact t… read more
James D. Ford
James D. Ford
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My husband and I have a SMSF which has a bank loan on the apartment
My husband and I have a SMSF which has a bank loan on the apartment my husband is now residing in. He's now refusing to pay the market rent that's due on the apartment which is required to cover the m… read more
Leon
Leon
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Master's Degree
33,424 satisfied customers
A property (commercial investment) that I signed contract of
A property (commercial investment) that I signed contract of sale for more than 140 days ago (90 days originally, then another 30 following an alteration to name of purchaser - from an individual to a… read more
Leon
Leon
Solicitor
Master's Degree
33,424 satisfied customers
I have set up an SMSF (say XYZ SMSF) with a corporate trustee
I have set up an SMSF (say XYZ SMSF) with a corporate trustee (ABC Pty Ltd). When I registered the SMSF on the Australian Business Register, I received back a registration document containing an ABN, … read more
Leon
Leon
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Master's Degree
33,424 satisfied customers
I have signed a contract of sale for land in victoria and it
I have signed a contract of sale for land in victoria and it inlcudes an "and /or nominee" provison. I want to exercise this provision and buy the proeprty as tenants in common with the corporate trus… read more
Leon
Leon
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Master's Degree
33,424 satisfied customers
Hello Just Answer Team, I have some questions regarding Australian
Hello Just Answer Team, I have some questions regarding Australian Superannuation Law, I am going through an ATO audit at the moment regarding a SMSF which was formed as a Deposit Account in 1996. I h… read more
Brisbane-Lawyer
Brisbane-Lawyer
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Master
14,357 satisfied customers
Dear Sir / Madam In December 10; I purchased a residential
Dear Sir / Madam In December 10; I purchased a residential trown house at Gladstone; QLD for 389k in my SMSF corporate entity as mortgagor. However, at settlement I used my own cash as a result of not… read more
Brisbane-Lawyer
Brisbane-Lawyer
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Where a trustee of a smsf uses an installment warrant to purchase
Where a trustee of a smsf uses an installment warrant to purchase "business real property" from a related party ,and there is a cash component ,is there any legal requirement for the cash component to… read more
Maurice
Maurice
Lawyer
Master's Degree
1,980 satisfied customers
may a smsf trustee using an installment warrantpurchase business
may a smsf trustee using an installment warrantpurchase business real property sect 66(5) from a related party?if not why not ?… read more
Maurice
Maurice
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Master's Degree
1,980 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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