Sample Document - Temporary LRBA loan relief

The Australian Taxation Office (ATO) through its COVID-19 web page offers relief for trustees who have a limited recourse borrowing arrangement and are seeking loan repayment relief for a period of time.  The Regulator will not applying compliance resources towards such an arrangement where relief is negotiated with a related party or another lender due to financial impacts of COVID-19 for the 2019-20 and 2020-21 financial years.

When you order on the Smarter SMSF platform you will be providing with the following documents (PDF):

  • Information memorandum
  • Trustee Minute outlining the decisions to apply for LRBA loan repayment relief from the lender
  • Request by the SMSF to the lender for LRBA loan repayment relief due to COVID-19
  • Details from Lender (where related party) of loan repayment relief being provided to the SMSF

View sample document

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