Financial System Inquiry (FSI)

Articles relating to the Financial System Inquiry (FSI), also know as the Murray Inquiry, including the interim and final reports, superannuation-related recommendations and submissions to the inquiry and to Government.

SMSF LRBAs should be restricted to securities, says AFMA

AFMA, Financial System Inquiry (FSI), SMSF Limited Recourse Borrowing Arrangements (LRBAs)The Australian Financial Markets Association (AFMA) has recommended the Government amend the SIS act so that SMSFs can only borrow to purchase “listed and widely held assets or units,” not real estate.

AFMA, which represents banks, stockbrokers and other participants in the financial markets, says this would preserve the intention of the 2007 changes, which were meant to clear up issues with superannuation funds investing in instalment warrants.

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