Inclusion of LRBA debt for TSB amended

24-May-2018|By Krystine Lumanta

The federal government has backed down on its proposal to count outstanding limited recourse borrowing arrangement (LRBA) loan balances against an SMSF member’s total super balance by making a key amendment to the measure. The Treasury .. Read More

ASIC funding laws introduced into Parliament


The federal government has today introduced the final bill for the Australian Securities and Investments Commission (ASIC) industry funding model into Parliament. The fees-for-service framework covers the fees AS.. Read More

Class unveils TBAR console


Class has launched the Class TBAR Console to provide bulk event-based reporting in a bid to reduce complexity arising from the transfer balance account report (TBAR) regime. Accountants and administrators using C.. Read More

Adviser exodus to leave $900b in limbo


More than 14,000 advisers are expected to exit the financial advice industry over the next five years, representing $900 billion of net client wealth in transition. The Adviser Ratings “2018 Financial Advic.. Read More

Imputation credit reform inevitable


Imputation credits for individuals and super funds will cease being a refundable tax offset and will return to being a non-refundable tax offset regardless of whether the Labor Party wins the next federal election, a.. Read More

Govt introduces NALI provisions bill


The federal government today introduced a bill into Parliament in relation to non-arm’s-length income (NALI) rules to prevent SMSFs from inflating super earnings through non-arm’s-length dealings. Rev.. Read More

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