LRBA hype overblown, says BT
A senior manager at BT Financial Group has suggested the “fuss” around limited recourse borrowing arrangements (LRBAs) in superannuation is not reflective of actual trustee activity.
BT Financial Group’s Bryan Ashenden questioned the level of “noise” concerning LRBAs and SMSFs at the SMSF Professionals’ Association of Australia national conference in Brisbane last week.
“We hear quite often when talking to advisers around the country there is a lot of noise, but certainly not as much action in terms of the full implementation of these gearing in super arrangements,” Mr Ashenden said.
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