Superannuation & SMSFs
The interest rate has increased for the ATO safe harbour for arm’s-length SMSF Limited Recourse Borrowing Arrangements (LRBAs) for the 2017/18 financial year.
The ATO created a safe harbour for SMSF LRBAs from the non-arm’s length income rules in 2016,
…Treasurer Scott Morrison has said the Government has no plans whatsoever to change the rules around SMSF Limited Recourse Borrowing Arrangements (LRBAs).
“We’re not touching the arrangements around limited recourse borrowing arrangements,” the Treasurer told the SMSF2017 Summit & Investment
…A Bill to amend the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016, which was only passed late in 2016, has passed the Parliament.
The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 has passed the House
…Legislation has gone before the Parliament to make amendments to the superannuation changes passed late last year, including to TRISs, but without a change to how LRBAs are treated which was included in the draft.
…The SMSF Owners’ Alliance has been highly critical of proposed changes to how Limited Recourse Borrowing Arrangements (LRBAs) are treated, suggesting it may be an attempt to effectively ban SMSFs from borrowing.
Treasury briefly consulted publicly on draft legislation to
…Limited Recourse Borrowing Arrangements (LRBAs) will be included in the calculation of the Transfer Balance Cap and Total Superannuation Balance, if an exposure draft released by Treasury for consultation is legislated.
Treasury says the exposure draft, Treasury Laws Amendment (2017
…The SMSF Association says the Government made the right call in not banning SMSF borrowing, and remains supportive of LRBAs.
The ALP has announced a policy of returning to a ban on SMSFs borrowing through Limited Recourse Borrowing Arrangements (LRBAs)
…The ALP has announced a policy of banning SMSFs from using Limited Recourse Borrowing Arrangements (LRBAs), on a prospective basis.
“Limited recourse borrowing in SMSFs has exploded in recent years – from about $2.5 billion in 2012 to more than
…The ATO has reminded SMSF trustees and professionals about the 31 January 2017 deadline to ensure Limited Recourse Borrowing Arrangements (LRBAs) are on an arm’s length basis.
…#SMSF trustees: Have you reviewed non-arm’s length LRBAs? Don’t forget the deadline is
The ATO will be contacting some SMSFs to conduct a survey on the use of LRBAs to acquire assets.
“In November 2016, we are contacting some self-managed super fund (SMSF) trustees to participate in a survey about the use of
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