Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Strategy

State of play with SMSF Limited Recourse Borrowing Arrangements

The use of Limited Recourse Borrowing within Self Managed Super Funds continues to capture the attention of trustees and advisers alike. We are seeing some significant work being undertaken in this area of borrowing to provide greater clarity of section 67A & 67B introduced into the Superannuation Industry (Supervision) Act 1993 (“SIS Act”). With this … Continue reading »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance

Replacing assets using limited recourse borrowings affected by natural disasters

It was pleasing to read recently in Investor Daily recently¬†(23 March 2011) the Australian Taxation Office saying that it will use its discretionary powers¬†to provide relief for SMSF trustees with limited recourse borrowing arrangements affected by the recent spate of natural disasters. According to the article, the Tax Commissioner, Michael D’Ascenzo will use powers provided … Continue reading »