Govt defers LRBA decision

The government has postponed any legislation decision regarding the treatment of outstanding loan balances on limited recourse borrowing arrangements. The proposal was specifically excluded from the Treasury Laws Amendment (2017 Measures No.2) Bill 2017 tabled in parliament on 25th May. Treasury has indicated it will undertake further industry consultation on this proposal before any further action is taken. The SMSF Association said it supports the move for more consultation to ensure SMSFs can continue to use LRBAs as a legitimate retirement savings strategy. LRBA treatment contained in the bill was the requirements from 1 July 2017 to record a total super balance credit from any principal


NO MORE VICTIMS! #manchester #bomb #innocent #victims #terrorism

Have a SUPER Mother's Day

To all of the mums out there, we hope you have a SUPER MOTHER'S DAY!! #mothersday #celebration #mum #love #ilovemymum #accounting #acco


Working people frequently ask retired people what they do to make their days interesting. Well, for example, the other day I went into the c

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