Hi SMSFAAA team,
All the title searches I reviewed in the past included the mortgage under the limited recourse borrowing arrangement and I thought it was compulsory.
However, one of the fund I am auditing has a related party LRBA but it is not included in the title search.
Can you please advise if it has to be included? And if yes, what section of the SISA mention about it?
Thank you in advance.
Yours Sincerely
Jean Rey
Thank you very much.