Limited recourse borrowing arrangements (LRBAs) allow a superannuation fund to borrow under strict conditions. Although LRBAs are not in the same class as nuclear physics for complexity, they should not be underestimated. Many advisers source cheap ... Read more

Division 296 tax applies to the taxable superannuation earnings of a taxpayer. These are superannuation earnings of the taxpayer which are attributable to a total superannuation balance (TSB) of the taxpayer greater than $3 million (tax rate - 15%) ... Read more

A significant change has occurred in relation to market-linked pensions. These pensions can now be terminated with the consequence that the member account balance previously supporting the pension can be either cashed out, retained in fund as an accumulation ... Read more

Can a spouse benefit from or be expected to benefit from a death benefit which has been paid to the estate of the deceased member where the spouse survives the member but dies before the benefit is paid? This issue was the subject matter of two recently ... Read more

This paper comprises content from a recently published article in SUPER Central News. Without fanfare or prior notice, the Federal Government (government) has initiated legacy pension reform. Following on from the release of draft regulations in September ... Read more

With an increasing number of elderly parents living with their adult children, is it possible that an adult child of a deceased parent could, on the death of the parent, receive their parent's superannuation tax free? For an adult child to receive their ... Read more

Peter Townsend and Michael Hallinan of Townsend Business & Corporate Lawyers run through some of the issues to bear in mind when participating in limited recourse borrowing arrangements. Read more