This paper covers:
- background to the ASX warrants market in Australia; features & types of instalment warrants
- use of instalment warrants by SMSF's; past policies and regulation efforts by APRA and the ATO and background to the 2007 SIS amendments
- analysis of the 2007 SIS amendments - borrowing and in-house assets rules and prohibition on charging assets
- future use of warrants by SMSF's for investments and comparison with unit trust and corporate structures.