Limited Recourse Borrowing Arrangement (LRBA)

Legislation to include LRBAs in Total Super Balance expected later in 2017

Legislation including Limited Recourse Borrowing Arrangements in the Total Superannuation Balance is expected to be ready to be introduced to Parliament later in 2017. Draft legislation including Limited Recourse Borrowing Arrangements (LRBAs) in the Total Superannuation Balance and Transfer Balance Cap was released earlier in 2017. However when the legislation was… Read More »Legislation to include LRBAs in Total Super Balance expected later in 2017

No plans whatsoever to change LRBAs, says Treasurer Morrison

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 Expo. Morrison noted the recommendation of the Financial System Inquiry… Read More »No plans whatsoever to change LRBAs, says Treasurer Morrison

LRBAs to be included in Total Super Balance and Transfer Balance Cap

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 4 Measures No. 2) Bill 2017: limited recourse borrowing arrangements, includes… Read More »LRBAs to be included in Total Super Balance and Transfer Balance Cap

Government made right call in not banning SMSF borrowing: SMSF Association

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), as part of its housing affordability package. SMSF Association CEO Andrea… Read More »Government made right call in not banning SMSF borrowing: SMSF Association

ATO warns about 31 January deadline for arm’s length LRBAs

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 31 January. Learn more at https://t.co/CaQf7YilBR pic.twitter.com/zXu0FU6wwI — ato.gov.au (@ato_gov_au)… Read More »ATO warns about 31 January deadline for arm’s length LRBAs