As a trustee or director of corporate trustee you have to make sure that all of the fund investment decision does not breach the Sis act. Breaching a Sis act may result into penalty, interest on overdue tax debt, penalty tax rate, non-complying super fund status etc.

Hence, it will be best idea to consult with your tax agent re; your SMSF investment plan before you implement.

Especially below investment decision has several restrictions as per Sis Act

• Loan to member and associate of member
• Acquiring assets from related parties
• Investment on collectables and personal use assets
• Borrowing
• Buying a rental property on mortgage

As a tax registered tax agent, we can advise you whether your proposed investment decision is with in the Sis Act or not.

Hence, if you believe you need expert advice on your SMSF Investment decision, please contact us.