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

Search Results

Showing 31 - 40 of 45 results for "LRBA"

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 ...

SMSFs want access to infrastructure and corporate bonds

JAMES FERNYHOUGH  |  MONDAY, 14 APR 2014
The Financial System Inquiry should look into ways of making direct investment in infrastructure and corporate bonds more accessible to self-managed super funds (SMSFs), the SMSF Professionals' Association of Australia (SPAA) has argued. SMSFs currently ...

Thinktank launches LRBA loan service

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Property loan specialist Thinktank has launched a limited recourse borrowing arrangement (LRBA) loan for self-managed super funds (SMSFs). The Thinktank SMSF Commercial Loan offers loan-to-value ratios of up to 75% and 25 year repayment terms. The maximum ...

Sinodinos rules out LRBA review for SMSFs

ALICE URIBE  |  WEDNESDAY, 19 FEB 2014
... identical assets that have the same market value. The Australian Taxation Office is currently seeking submissions on changes to LRBA legislation. Commenting on LRBAs, SPAA chief executive Andrea Slattery said that while she advocated for licensing, the ...

SMSF borrowing under control, ATO figures suggest

JAMES FERNYHOUGH  |  TUESDAY, 14 JAN 2014
... of the total value of loans made by banks and other financial institutions." Colley said that SPAA had met with the major LRBA providers, and found that in total LRBA account for $8 billion, a small fraction of the total mortgage market. According to ...