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The New Age of Superannuation Gearing

Published on 28 May 2009 | Took place at Leonda by the Yarra, Hawthorn, VIC

Part of the Breakfast Club series, this event covered superannuation gearing.

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Individual sessions

The end of the in-house transitional rules

Author(s):  Jeffrey CHANG

Geared unit trusts were once the preferred tool for indirect super fund borrowings. Amendments to the in-house asset rules from 11 August 1999 brought an end to this practice, but pre-August 1999 structures received grandfathering protection via transitional rules and are considered by many to be like gold. But these transitional rules end on 30 June 2009. This paper addresses the consequences for super funds, including what:

  • happens to existing pre-August 1999 unit trusts after 30 June 2009?
  • action do you need to take?
Materials from this session:

Superannuation ‘instalment warrants’ – Tips and traps for documenting and structuring

Author(s):  Philip BRODERICK

As the transitional rules for geared unit trusts draw to a close, a new age of direct borrowing by superannuation funds has arrived. Following recent falls in asset values, trustees of superannuation funds are increasingly turning to alternative investments.

This paper discusses tips and traps in documenting and structuring instalment warrant arrangements, including:

  • trust deeds, loan agreements and guarantees
  • stamp duty and tax considerations
  • dealing with the banks
  • borrowing where there are multiple purchasers
  • borrowing where property improvement or development is intended.
Materials from this session: