Patrick (aged 60 years) and Mary (aged 59 years) are both still working. They are trustees of their own SMSF which was started some years ago. Patrick is a successful self-employed electrician and has managed to accumulate $300,000 in his superannuation fund and he has made spouse contributions to help with his tax. He wants to take Mary away on a cruise; however, he is short of personal funds and would like to access some of his funds from his member account in their SMSF to pay for the cruise.

explain fully whether or not Patrick can access funds from his member account and explain fully if there are any consequences if he uses the funds required from his account.