SMSF Association submission on integrity of Limited Recourse Borrowing Arrangements draft legislation

We are pleased that the Government has followed suggestions made by the SMSF Association in our recent correspondence with the Minister for Revenue and Financial Services regarding making the amendments prospective and ensuring that interest repayments on an LRBA are not counted towards the transfer balance cap (TBC) as a credit. However, we have some significant concerns regarding the Government’s proposed amendments, which are detailed in our full submission.