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Showing 21 - 30 of 49 results for "LRBA"

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... included in a member's total annual superannuation balance. Additionally, the repayment of the principle and interest of a LRBA from a member's accumulation account will be credited in the member's transfer balance account. In effect this will make some ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
Self-managed superannuation funds will be banned from direct borrowing under an expanded housing affordability policy unveiled by the Federal Opposition today. Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target ...

ATO calls time on SMSF safe harbour rules

ALEX BURKE  |  MONDAY, 30 JAN 2017
... party evidence. The loan will also need to be supported by a registered mortgage or security over the relevant asset. If the LRBA is not consistent with the above, it will need to be wound up. In an alert to financial advisers, Cooper Grace Ward partner ...

SMSFs granted ATO extension over LRBAs

DARREN SNYDER  |  TUESDAY, 31 MAY 2016
... the right regulator for our part of the superannuation industry." In December 2015 the ATO advised SMSF trustees to review LRBA's in their fund and ensure that they are on terms consistent with an arm's length dealing or wound up by 30 June 2016. The ...

SMSF borrowing triples in four years

DARREN SNYDER  |  FRIDAY, 18 DEC 2015
... under LRBAs are estimated at approximately $18 billion, representing approximately 3% of total SMSF assets. Macfarlane added LRBA statistics in the September 2015 quarterly report show an increase in the estimated value of SMSF assets held under LRBAs ...

SMSFs welcome no dumping of LRBAs

DARREN SNYDER  |  SUNDAY, 8 NOV 2015
... Slattery said the timing of the review will allow improvements to the data collection about the proportion of SMSFs that have LRBA arrangements. "It currently constitutes about 2.5% of all SMSF assets, a percentage of assets we believe does not pose ...

FSI retirement response receives support

DARREN SNYDER  |  TUESDAY, 20 OCT 2015
Both Mercer and Challenger have backed the federal government's decision to support the development of Comprehensive Income Products for Retirement (CIPRs). Announcing its response to the Financial System Inquiry (FSI) today, the government has accepted ...

AMP to launch SMSF trustee course

DARREN SNYDER  |  MONDAY, 19 OCT 2015
AMP will launch an online self-managed superannuation fund (SMSF) trustee course early next year as part of a wider education strategy aimed at both advisers and trustees. AMP SMSF head of policy, technical and education services, Peter Burgess said ...

DomaCom added to managedaccounts.com.au

MARK SMITH  |  FRIDAY, 16 OCT 2015
... never had. The DomaCom model makes it easy for advisory firms managing client portfolios to add property without the need for LRBA arrangements," he said. "We are very pleased to have been approved to support the delivery of real property by the managedaccounts.com.au ...

New SMSFs slowing as boomers retire

ALEX BURKE  |  MONDAY, 7 SEP 2015
... a friend whose accountant told him to move his money from an industry fund to an SMSF and borrow to buy property with an LRBA. He ran away, set up the fund, transferred the money and found out at the end of it that he didn't have enough. "The old adage ...