Tick-a-box approaches to compliance may not only be expensive and time consuming but they could also be holding advisers back from taking the next step in putting ethics into practice and advancing towards broader community trust and professional recognition, JB Were’s Kym Bailey and McMahon Clarke’s Selina Nutley discuss. Â
Budget amendments could spell the end to SMSF property spruikers
SMSF property spruikers will see their business model shaken up as the government moves to end the ability for a trustee to borrow money for residential housing. The Greens secured an amendment to the government’s tax changes proposed in the May federal budget that would end the use of limited recourse borrowing arrangements for residential property.
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