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SPAA "disappointed" by the FSI's SMSF borrowing recommendations

The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds.

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Read more: SMSFSPAAGraeme ColleyAustraliaFinancial System InquiryFSISMSF Professionals AssociationAct 1993Andrea SlatteryAssistant Treasurer Arthur SinodinosFebruaryFinancial StandardJune 2009June 2014LRBA legislationMurray InquirySection 67ASIS ActSMSF borrowing recommendationsSuperannuation IndustrySupervision