My client’s SMSF is intending to enter into an LRBA by borrowing from a related party. How do they decide on the terms and conditions of the loan?

The rules in superannuation and SMSFs are changing fast in our current Covid-19 focused world. What are the latest issues?

Treasury Laws Amendment (2018 Superannuation Measures No.1) Bill 2019 has received Royal Assent and in relation to the TSB changes is effective from 1 July 2018.

No, but it may still be appropriate to do so depending on the fund’s future intentions.

The Government has introduced two bills to the House of Representatives; one that had previously lapsed when the Federal Election was called, and one containing a long overdue improvement to salary sacrificing.

In the final week of Parliament, there were a number of superannuation related measures still to be passed into law.

You may recall the Government announcing that they intended to amend the Total Superannuation Balance provisions in situations where an individual was a member of an SMSF with a LRBA in place.

Draft legislation has been released for comment aimed at closing off two avenues in which the Government considers LRBAs could be used to circumvent contribution caps.