News : LRBA

Accounting, Auditing, LRBA, Regulation

Triennial audit cycle unlikely to proceed

The likelihood of legislation for the three-year audit cycle for some SMSFs passing through Parliament under the current federal government is low given the likelihood the next election will be held in May 2019, according to an SMSF expert.

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LRBA

LRBAs remain vital tool for SMEs: Thinktank

Critics of limited recourse borrowing arrangements (LRBA) often cite the activities of residential property spruikers to taint the lending instrument more broadly, but the baby should not be thrown out with the bathwater, according to Thinktank.

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ASIC, LRBA, Regulation

Adviser banning blurs best interest duty

A red and white sign reading wrong way seen over shoulder of a man

The recent banning of SMSF adviser Jason Atkins has highlighted the dangers financial planners face in complying with the best interest duty requirements under the Future of Financial Advice reforms, a strategy specialist has said.

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LRBA

Time ticking on LRBAs

The future is very bleak for limited recourse borrowing arrangements (LRBA) and borrowing within SMSFs, with a number of factors providing the final nails in the coffin, according to a lawyer.

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LRBA, Strategy

Funding the biggest LRBA hurdle

SMSF members need to turn their focus to funding issues rather than compliance matters when looking at using a limited recourse borrowing arrangement (LRBA) to acquire an asset for a fund, a technical expert has advised.

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