• JCMB Consulting

    Self-managed Superannuation Fund Audit and Consulting Services

     

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  • JCMB Consulting

    Trusted, Experienced, Professional - Superannuation Services in Inverloch

     

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New Requirements for the 2017 SMSF Annual (Tax) Return - Funds with Limited Recourse Borrowing Arrangements

There are new disclosures requirements for the Fund’s 2017 Return that will affect your Fund if it has entered in to a Limited Recourse Borrowing Arrangement (LRBA) at any time before 1 July 2017.
The 2017 Return now requires specific disclosure of any related party borrowings, and also of any personal guarantees given by fund members to their lenders in entering the LRBA.

As this is the first time that I have been required to report on member guarantees, if they apply to your Fund please provide these documents to your accountant or directly to me in time for the Fund’s 2017 audit.

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JCMB Consulting Pty Ltd
PO Box 480, Inverloch, VIC 3996


 
ABN 86 768 265 615
Michele Beattie – Principal


C.A., B. Commerce (Melb), Approved SMSF Auditor / SMSF AUDITOR NUMBER - 100 087 330


Liability limited by a scheme approved under Professional Standards Legislation

Michele Beattie is an Authorised Representative No. 001242630 of the SMSF Advisers Network Pty Ltd - ABN 64 155 907 681
An Australian Financial Services Licensee - AFSL No 430062 - http://www.smsfadvisersnetwork.com.au
JCMB Consulting is a Corporate Authorised Representative No. 001242634