News

LRBAs need clear policy setting: Frydenberg

February 27, 2015

Person balances on a tightrope above the ground.

The federal government will consult “with an open mind” on the future of limited recourse borrowing arrangements and talk to all stakeholders before making a decision, according to Assistant Treasurer Josh Frydenberg.

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ATO

Tax body publishes new SMSF trustee book

February 27, 2015

Darin Tyson-Chan

Taxpayers Australia has launched a book designed to boost SMSF trustee knowledge and assist them in running their own retirement savings vehicles.

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Direct Domestic Shares

Small local equity growth achievable in 2015

February 27, 2015

Darin Tyson-Chan

The Australian equities market is capable of generating small capital gains along with some yield income for investors in 2015, according to an investment specialist.

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Compliance & Regulation

Small related-party loan can be LRBA safety net

January 30, 2015

Darin Tyson-Chan

An SMSF strategy expert has recommended trustees with a limited recourse borrowing arrangement (LRBA) in place set up a small related-party loan as a safety measure to guard against the uncertainty surrounding the current superannuation gearing rules.

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Compliance & Regulation

Favourable developments to excess NCC refunds

January 30, 2015

Darin Tyson-Chan

Changes made late last year to the draft legislation tabled in parliament governing the refund of excess non-concessional contributions (NCC) have provided further clarity on how the rules will operate and a positive result for SMSF trustees already drawing a pension.

Perpetuity rules mustn’t be overlooked

January 30, 2015

Krystine Lumanta

SMSF trust deeds must be checked thoroughly for vesting dates as shorter perpetuity periods were not unheard of, according to an expert SMSF lawyer.

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Direct Domestic Shares, Economy

Stock selection the key to 2015 domestic shares

January 30, 2015

Darin Tyson-Chan

The Australian economy is facing some challenging times in the coming year due to the end of the commodities boom, but good investment opportunities will still present themselves in other areas, according to a global fund manager.

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Compliance & Regulation

Identification, communication keys to contraventions

January 30, 2015

Darin Tyson-Chan

A leading law firm has advised proactive action within an SMSF and communication with the Australian Taxation Office are the most effective means of dealing with a fund contravention.

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Compliance & Regulation

FSI proposes banning of LRBAs

December 22, 2014

Darin Tyson-Chan

Limited recourse borrowing arrangements (LRBA) used to acquire assets within superannuation will be scrapped if the recommendations of the Financial System Inquiry (FSI) report are followed.

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Commercial Property

Property strong in inner-city Melbourne

December 22, 2014

Darin Tyson-Chan

A recent property study has shown four inner-city suburbs of Melbourne are currently offering strong investment opportunities.

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