SPAA releases LRBA advice guidelines

SPAA has released guidelines for practitioners providing advice on LRBAs

29-Jul-2014

By Darin Tyson-Chan

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The SMSF Professionals’ Association of Australia (SPAA) has released lending and advice guidelines for practitioners providing advice on limited recourse borrowing arrangements (LRBA).

The move reinforces SPAA’s concerns about the development of gearing within SMSFs and its calls for the need for practitioners providing this type of advice to be licensed.

The professional body has also rejected any barriers to entry for SMSFs, especially the implementation of a mandatory asset level before a fund of this type can be established.

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