ATO undertaking SMSF trustee survey around limited recourse borrowing arrangements

smsf superannuation accounting

By Brett Griffiths

brett griffiths

In an effort to better understand the SMSF community’s use of limited recourse borrowing arrangements (LRBA), the ATO will be undertaking a trustee survey next month.

Who will be contacted?

If there were LRBA assets reported on your 2015 SMSF annual return at Section H, you may be included in the sample of trustees that will be invited to take part in the survey.

What you need to know:

  • Participation is voluntary;
  • Responses will remain anonymous;
  • The process aims to take between 5 and 7 minutes;
  • Officers running the survey are members of the Australian Market & Social Research Society and as such are bound by the a strict code of professional behaviour;
  • Information collected from the survey will not be sourced for compliance determinations.

The ATO encourages all trustees who are invited to participate to take advantage of this opportunity to provide feedback on the LRBA process and how effective they are in acquiring assets for SMSFs.

Want to know more?

If you would like to know more about the issues raised in this article, please contact Brett Griffiths our Superannuation Advisory Director for assistance.

An Important Message

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.



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