Bill
I don't think that the ATO have spelt it out in black and white as yet so that there is no confussion however if you read the following from Kris Kato (hello Kris great article) you will understand where the ATO is coming from and how they seem to see things...
Hi Bill
Remember if the super fund property is mortgaged you cannot fund the build on it using either the super funds own cash or funds obtained from any other source until the mortgage is discharged.
The ATO has recently stipulated this very clearly in its comments regarding limited...
