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Showing 11 - 20 of 38 results for "LRBAs"

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... property spruikers to cast shadows. Thinktank chief executive Jonathan Street said limited recourse borrowing arrangements (LRBAs) have become an essential part of the mortgage landscape for small-scale, non-residential property. "In this sector of the ...

Amnesty granted to employers with unpaid SG

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
... through the use of non-arm's length expenditure or certain strategies using limited recourse borrowing arrangements (LRBAs)," the Government said.

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
... property assets have skyrocketed in the last five years. December 2017 quarterly data shows the sector held $31.4 billion in LRBAs; in 2013 only $8.9 billion was invested in this asset class. Residential property on the other hand almost doubled from ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... transfer balance cap in retirement. One month later, financial advisers said they were grappling with the regulatory changes to LRBAs. According to BT technical consultant Tim Howard, the proposal to combine outstanding LRBA debt to calculate clients' ...

Government releases super tax measures for consultation

ALEX BURKE  |  FRIDAY, 12 JAN 2018
... "related party transactions cannot be used to circumvent contribution caps. They are not intended to prevent the use of LRBAs." The paper uses an example to illustrate the effect of the new laws: it presents Laura, as the sole member of her SMSF, holding ...

Advisers searching for LRBA answers

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
... measure is proposed at this stage only." The second-most common issue, Howard said, related to the relationship between LRBAs and the transfer balance cap, where self-managed super fund clients "would need to record a credit against their transfer balance ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... repayment is derived from accumulation monies and as a result increases the value of their pension. This only applies to LRBAs entered into on or after 1 July 2017 and does not apply to refinancing of the outstanding balance of pre-1 July 2017 LRBAs ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... trigger the $1.6 million transfer balance cap in retirement. ATO statistics show that SMSFs currently hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest in residential and non-residential property in an almost ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... is playing a significant role in affecting housing affordability. "ATO statistics show that SMSFs hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest in residential and non-residential property in an almost ...

ATO calls time on SMSF safe harbour rules

ALEX BURKE  |  MONDAY, 30 JAN 2017
... for limited recourse borrowing arrangements in self-managed super funds will be changing this week. Under the new rules, LRBAs must be consistent with either the safe harbour guidelines introduced by the ATO in 2016 or be issued by an arm's length lender ...