What about arrangements which are in the process of being set up?

The relevant terms of these arrangements must be reviewed as quickly as possible and appropriate changes made.

The interest rate must be reconsidered and a rate used being a rate which an arms’ lender would impose.

The duration of the loan must also be reconsidered having regard to the terms being offered by an arms’ length lender.

Similarly with the LVR, security and repayment terms.