Note that this paper was presented on both 28 February and 28 April at the events "Direct Gearing of Super Funds: The Instalment Warrant Revolution."
This paper covers topics such as:
- what are ‘instalment warrants'
- investment restrictions - issues to consider when a superannuation fund invests in an instalment warrant
- the prohibition against borrowing
- the legal relationships required to obtain the borrowing carve-out
- what is a ‘bare trust' relationship?
- borrowing carve-out - whether real property may be subject to an instalment warrant
- whether an investment in an instalment warrant is an ‘in-house asset'
- regulation 13.14 of the SIS Act
- superannuation fund trust deeds
- taxation implications.