Just to let you know – Watch out for my article on Unlimited Finance. It will be published in Oct/Nov Australian Property Investor magazine (released early Oct).
Could you please explain the correct structure for DIY Super? I’ve attended Peter Spann seminar in Sydney last month, and get very exciting about the speaker Barbara ??? from Taxpayer Organisation talked about setting up a DIY Super, then I can invest on property as joint venture between Super Trust & myself provided this Super Trust do not borrow any money for investment.
As per explained at the seminar, due to the trustee & beneficiary can not be the same person (ie. myself), therefore it is better off to setup a company as trustee (Director is myself), then I can have myself as trust beneficiary.
But, yesterday when I call the Taxpayer Organisation to enquiry more detail, also to consider joining their membership & setup trust package, the lady told me that I do not need to setup a company as trustee. I can be a trustee as well as beneficiary.
Now, I’m totally confused. I’ll be really appreciate for any comment or advise, as I would like to setup DIY Super before 14 July 03.
Many thanks,
Grace
Grace,
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