LRBA ??? Custodian Company
How do I order a LRBA ??? Custodian Company ?
Simply fill in our form below. We will review all of your details and contact you with any questions. We will personally prepare your documents.??
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Q & A ???Custodian Company
The questions and answers below are for information purposes only and are not advice. You should arrange your own legal, accounting, financial and other advice.
What is an LRBA - Custodian Company
Under the SIS Act a Trustee of a Superannuation Fund can in some circumstances borrow funds to acquire an asset for that Fund. The funds borrowed must be used to acquire an asset that is held on trust so that the Trustee of the Fund acquires a beneficial interest in the asset, and the legal title to the asset is held by a third party Custodian on behalf of the Trustee. The Custodian mortgages the asset to the Lender. The Bare Trust sets out the terms of that trust arrangement.
The Custodian Company acts as Custodian and holds legal title to the asset.