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Showing 41 - 50 of 70 results for "Limited Recourse Borrowing Arrangement"

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 ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... Australian residential property - perhaps 6,500 dwellings - were held by an SMSF through a limited recourse borrowing arrangement in 2013. "Leverage always carries risks. Lenders recognise this in their loan to valuation requirements." Frydenberg also ...

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
... 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. "When you look at the stats on that it pales into ...

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 ...