Limited Recourse Borrowing Arrangement (LRBA)

Multiple employer SG opt-out, NALI expenses, LRBA in Total Super Balance pass Parliament

A collection of changes to superannuation – including a limited and partial Super Guarantee opt-out, and changes to NALI and LRBAs – have passed the Parliament. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 has passed the Parliament, without amendment. It allows some employees with multiple employers… Read More »Multiple employer SG opt-out, NALI expenses, LRBA in Total Super Balance pass Parliament

Great opportunities for clients in superannuation changes, SMSF conference told

There are some great advice opportunities in the recent and proposed superannuation changes, in particularly around the catch-up contribution rules. While much of the focus during the election was around Labor’s superannuation policies, with the Coalition returning to Government there are great advice opportunities in the recently legislated and proposed… Read More »Great opportunities for clients in superannuation changes, SMSF conference told

Future of SMSFs borrowing with LRBAs still unclear

The future of borrowing in SMSFs, using Limited Recourse Borrowing Arrangements (LRBAs), remains unclear but could be settled by the upcoming election.

The Productivity Commission, in its recently released report into efficiency and competitiveness in the super system, said that borrowing in SMSFs is not currently a “material systemic risk”, but that “active monitoring” is warranted – including by the Council of Financial Regulators. The Commission didn’t recommend a change to LRBAs, but have recommendations around SMSF advice.

Read More »Future of SMSFs borrowing with LRBAs still unclear

Change to include LRBA in Total Super Balance has balance right

The Government has got the balance right with its changes to sometimes include Limited Recourse Borrowing Arrangements in the calculation of the Total Superannuation Balance. The Government recently put to Parliament legislation to include Limited Recourse Borrowing Arrangements (LRBAs) in the Total Super Balance, under certain circumstances. This has for… Read More »Change to include LRBA in Total Super Balance has balance right