A SMSF lending 150K in 2020 FY (99% balance of SMSF) to Mr X & Mrs Y ATF A trust (have the loan agreement from lawyer, loans is also listed in Investment Strategy section of Trust Deed ) but the Trust only pay interest 2% every year and will pay principal by 7 years as loan agreement. There is no loan mortgage . I also have a look Indicator Lending rates of ATO 2020 is 5.37%
1/ Please give me your ideas whether any issue for breach super law in this case
2/ There are Trust Deed & Investment Strategy allow, loan agreement, confirm balance from Borrower, trustees signed for unrelated party Borrower. Please show me any document that I need ask more for audit
Much appreciate for your help asap
Thanks a lot