Smsf Loan - Financial Advice Certificate?

[BV]

Hi

I'm getting a SMSF homeloan from ST George and together with the loan documents they've sent me a FINANCIAL ADVICE CERTIFICATE form to complete.

It seems like I'll need a financial advisor to read through the documents with me, look at my SMSF deed docs to see that it complies with our investment strategy and then sign it.

Is this a new requirement?
A SMSF loan is considered commercial and is not protected by consumer credit code so I don't see why they'll be asking for this.

Has anyone experienced this before?

thanks

 

[Evachange]

No, have not, but does not supprise me at all.

Maybe someone else knows more?

Alex