The SMSF Association has called on the federal government to tweak the existing policy aimed at preventing elder abuse instead of completely overhauling it.

The reasoning behind the government’s proposal to include assets held under a limited recourse borrowing arrangement (LRBA) as part of an individual’s total super balance is still not clear, according to a senior technical expert.

The types of practitioners who will provide particular aspects of SMSF advice remains a little unclear due to the variety of licensing requirements currently applying to professionals operating in the sector, the head of an industry body has said.