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

ATO expects event based reporting forms ready October/December 2017

The ATO expects to release forms for event based reporting of the Total Superannuation Balance and Transfer Balance Cap in October and December 2017, but it is unclear if the figures will be available via the Tax Agent Portal.

The

Professional bodies can’t take membership for granted: SMSFA Chair

Professional associations, especially voluntary organisations, can’t take membership for granted, the Chair of the SMSF Association has told a conference.

SMSF Association Chairman Andrew Gale says the Association is focused on strengthening “even further” the value proposition for members. Read