In the press
SMS Magazine - Unsecured SMSF loans tricky.
“Loans to individuals can be quite tricky. From a compliance point of view, there’s no issue with providing a loan to an individual or providing an unsecured loan if [the fund] thinks that it’s a good investment … however it’s often really difficult to get a complete picture of the assets and liabilities of an individual,” Red Willow Super managing director Marjon Muizer told delegates at Class Ignite 2024 held in Sydney recently.
“There will probably be a loan agreement and while the existence of an agreement and evidence of repayment supports [the fact] the loan exists, it doesn’t really say anything about the borrower’s ability to actually repay the loan.
