Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 72 results for "Limited Recourse Borrowing"

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... of their funds in one asset or a single asset class. Many of the SMSFs in the ATO's sights have limited recourse borrowing arrangements in place, with most of the almost 18,000 SMSFs holding most of their assets in property. "We're concerned ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... act in the best interests of clients, ASIC said. "He has advised some clients to set up SMSFs with limited recourse borrowing arrangements that were completely unsuitable and placed his clients in a vulnerable financial position," ASIC said. The regulator ...

Industry responds to election outcome

ELIZABETH MCARTHUR  |  MONDAY, 20 MAY 2019
... aged over 65 but under 66 and an increase in the age limit for spouse contributions from 69 to 74. Limited recourse borrowing arrangements will remain available but be counted against the total super balance in some circumstances; the actuarial certificate ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... Australia Bank stopped offering SMSF loans for residential property in 2015. Banks have phased out these limited recourse borrowing arrangements under some political pressure. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 ...

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
A commercial property lender believes banning limited recourse borrowing arrangements in their entirety would be too heavy handed, saying critics often cite residential property spruikers to cast shadows. Thinktank chief executive Jonathan Street said ...

SMSFs seek offshore diversification

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... last quarter before dropping to 15.3% in the June quarter. However, direct property holders utilising limited recourse borrowing arrangements has grown to 42.1% with the average property loan amount sitting at $262,000. The most commonly held investments ...

Former Westpac adviser ban upheld

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... Perth-based Atkins provided advice to clients to establish a self-managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund the purchase of real property. ASIC's investigation found Atkins provided SMSF advice to clients ...

Amnesty granted to employers with unpaid SG

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
... cannot be circumvented 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
Latest ATO figures show self-managed super funds' interest in limited recourse borrowing arrangements (LRBA) and residential property assets have skyrocketed in the last five years. December 2017 quarterly data shows the sector held $31.4 billion in ...