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Showing 31 - 40 of 49 results for "LRBA"

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
Assistant Treasurer Josh Frydenberg has sent a clear signal that SMSF borrowing arrangements are unlikely to come under fire in upcoming tax reviews. In a speech to the Tax Institute, the Assistant Treasurer spoke widely about the parliament's tax and ...

Minimum $200k SMSF balance "completely incorrect"

LAURA MILLAN  |  MONDAY, 27 JUL 2015
A superannuation lawyer has slammed the recommendation by the Australian Securities and Investments Commission (ASIC) that self-managed super funds (SMSFs) should hold a minimum balance of $200,000. Townsends Law special counsel on superannuation Michael ...

SMSF direct property investment jumps 60pct

MARK SMITH  |  FRIDAY, 17 JUL 2015
The value of self-managed super fund (SMSF) investment in residential real estate has jumped 60% in the last four years, according to figures from the Australian Securities and Investments Commission (ASIC). In its submission to the Parliamentary Inquiry ...

CPA sets up independent advice license

LAURA MILLAN  |  FRIDAY, 5 JUN 2015
CPA Australia has set up CPA Australia Advice, an independent financial planning licensee that aims to become "a new benchmark for professional and ethical conduct." The business is expected to be fully operational in 2016 and is owned by the accounting ...

Gearing for SMSFs won't be significant: Colley

DARREN SNYDER  |  WEDNESDAY, 6 MAY 2015
... gearing in SMSFs and what that will be I don't really know," Colley said. "It seems there might be a rule about restricting the LRBA (limited recourse borrowing arrangement) for investments by superannuation funds in direct property through gearing. ...

SMSFs attract too much criticism

MARK SMITH  |  THURSDAY, 19 FEB 2015
Self-managed super fund (SMSF) professionals must steel themselves against the criticism levelled at the sector, said AMP SMSF head of policy and technical Peter Burgess, who set out to dispel some of the charges made against SMSFs in a presentation ...

FSI proposal to ban LRBAs "draconian"

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "LRBAs ...

Spike in SMSF borrowing breaches

MARK SMITH  |  FRIDAY, 23 JAN 2015
... investments and, as a result of changes to legislation in 2007, acquire investments via a limited recourse borrowing arrangement (LRBA). The first two borrowing options are restricted to 10% of the fund's value, with borrowing terms of 90 days and 7 ...

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

ALICE URIBE  |  MONDAY, 8 DEC 2014
... director of technical and professional standards told Financial Standard that they were initially surprised that changes to the LRBA legislation would be in the inquiry at all. "We didn't expect it to be in the inquiry and were disappointed that they ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
The Murray Inquiry has recommended that government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds. It said that the government should restore the general prohibition on direct ...