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SMSF

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: SMSF,  SPAA,  Graeme Colley,  Australia,  Financial System Inquiry,  FSI,  SMSF Professionals Association,  Act 1993,  Andrea Slattery,  Assistant Treasurer Arthur Sinodinos,  February,  Financial Standard,  June 2009,  June 2014,  LRBA legislation,  Murray Inquiry,  Section 67A,  SIS Act,  SMSF borrowing recommendations,  Superannuation Industry,  Supervision