Complicated related-party limited recourse borrowing arrangements (LRBA) that require multiple fixes to comply with the ATO’s new practical compliance guideline (PCG) may not necessarily be able to simply wind up the fund as a solution.

The SMSF Association has predicted four potential changes affecting SMSFs in next week’s federal budget.

SMSFs that need to refinance current limited recourse borrowing arrangements (LRBA) have been urged to do so sooner rather than later as the new ATO practical compliance guidelines (PCG) have immediate effect, regardless of whether the loan was established before their release.

Australia’s only peer-to-peer (P2P) lending platform available to retail investors, RateSetter, has announced its lenders have earned over $1 million in interest from loans facilitated since its launch.

Independent planning and accounting dealer group GPS Wealth has launched an automated statement of advice (SOA) tool that enables accountants to meet their obligations under the licensing regime and increase their productivity, profitability and growth potential.