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​SMSF Borrowing for Property – Get in Quick!

After months of speculation, the Financial System Inquiry handed down its final recommendation on borrowing in superannuation in December. It has urged the government to consider broader changes to Australia's superannuation system. The panel has recommended a removal of the exception to the general prohibition on direct borrowing for limited recourse borrowing arrangements by superannuation funds. While the FSI acknowledged the level of borrowing is currently relatively small, the report suggested if direct borrowing by funds continues at current growth rates, it could pose a risk to the financial system.

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