Tag Archives: section 67A

Announcements / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance / SMSF Strategy

Limited Recourse Borrowing to again become a financial product

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As we move closer to the implementation of industry reforms regarding the provision of financial advice, Treasury last week has added to the pile with the re-issuing of draft Corporations Amendment Regulations to provide that limited recourse borrowing arrangements as allowed under superannuation law are financial products. These reforms were previously announced back in March … Continue reading »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance / Trustee education

How does a SMSF limited recourse borrowing arrangement work?

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This short video explains how a SMSF limited recourse borrowing arrangement works in accordance with section 67A of the Superannuation Industry (Supervision) Act 1993. This is the first of many short videos that I will start producing on various SMSF topics and strategies can be used. Let me know what you think by rating the … Continue reading »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance / SMSF Strategy

Will SMSF Limited Recourse Borrowing make it DIY Super again with property improvements?

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With the “green light” to SMSFs being able to utilise its own cash to undertake improvements to a property acquired using a limited recourse borrowing, I think we will start to see the emergence of trustees looking to carry out renovations themselves to build their retirement savings. Funding any improvements could be undertaken in a … Continue reading »

Announcements / Limited Recourse Borrowing Arrangements / SMSF / SMSF Strategy / Webinars

Last chance to register for SMSF Limited Recourse Borrowing Webinar

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I am pleased to advise that the next SMSF InPractice Webinar will be on the hot topic of Limited Recourse Borrowing Arrangements. With the recent release of the much publicised draft SMSF Ruling, SMSFR 2011/D1, this webinar is not to be missed as we explore the impact of the Commissioner’s changing views surrounding some of the key … Continue reading »

Announcements / Events / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance / SMSF Strategy

SMSF Property Investing Masterclass

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The ability to purchase property within a Self Managed Super Fund continues to be a key attraction for many people looking to bricks and mortar to help build their retirement savings.  Recent preliminary views expressed by the Commissioner of Limited recourse borrowing arrangements has only further sparked interest in the area of SMSF property investing. … Continue reading »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Strategy

State of play with SMSF Limited Recourse Borrowing Arrangements

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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 »

Announcements / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Strategy

Register for the SMSF Academy Limited Recourse Borrowing day

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I am pleased to announce as part of the launch of The SMSF Academy, an accredited training day for professionals on the topic of SMSF Limited Recourse Borrowing Arrangements. This professional development day will be held in both Sydney and Melbourne. Bringing together expertise from across the areas of legal, advisory, accounting/tax, lending and SMSF audit, … Continue reading »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance

Replacing assets using limited recourse borrowings affected by natural disasters

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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 »

SMSF / SMSF Strategy / Trustee education

Watch our latest video on borrowing in super

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Borrowing in super has become a very popular strategy with self-managed super funds since its introduction back in September 2007.  I see more and more SMSFs using borrowing, but you need to be aware of some of the traps in using this strategy. When first introduced, superannuation borrowing was done using what was then called … Continue reading »

Professionals / SMSF / SMSF Strategy

Are limited recourse borrowings beyond repair?

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Changes that took effect on 7 July 2010 for limited recourse borrowing arrangements don’t seem to have dampened the enthusiasm for people being attracted to the use of this strategy to acquire either residential or commercial property within a SMSF. These changes have however introduced a more restrictive environment in holding property, in particular for … Continue reading »