Are your clients’ LRBAs consistent with ATO’s arms-length guidelines? If not, then these will have to be rectified by 31^st January 2017 or may face higher tax rates? Full details at: https://www.ato.gov.au/Super/Self-managed-super-funds/In-detail/News/ATO-s-deadline-for-review-non-arm-s-length-LRBAs-extended/ PCG 2016/5 considers two safe harbours setting out relevant practical compliance guidelines:

• Safe Harbour1...

The Reserve Bank of Australia decided to slash the official cash rate from 2 per cent to a new record low of 1.75 per cent.  In the past, rate cuts were generally passed on to borrowers. However in recent times, Financial Institutions consider their  cost...