The health, social and economic impacts of the global COVID-19 pandemic have been far and wide and the SMSF sector is no different. The SMSF Association has worked with the Government, ATO and ASIC to provide some relief and guidance for the SMSF industry during this turbulent time. The next step is for the sector to apply these measures in a practical and appropriate way.
This edition of Technically Speaking, written by the Association’s Policy Manager, Franco Morelli, covers:
- The SMSF landlord dilemma – rent, loan relief and the National Cabinet Rent Code
- What about LRBAs?
- Practical examples of the application of these relief measures.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technically Speaking bulletins contain general advice only and are prepared without taking in to account particular objectives, financial circumstances and needs. The information provided in this bulletin is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided in this bulletin is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association