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Buying property to secure children a school place

Information from www.propertyobserver.com.au The pressure on some high-achieving parents to get children into schools of choice leads them to drastic measures. Some are said to fudge their addresses by bribing relatives, others change their mobile phone billing data, some wealthy parents buy a second property – with no intention of…

LRBA changes not ok

Our affliates at SuperShift recently posted this important article about recent changes to LBRA that may effect SMSF investment options. We thought we’d pass it on, for those interested in SMSF! http://www.wealthprofessional.com.au/article/industry-divided-on-Irba-regulations-147893.aspx Treasury’s amendment to make Limited Recourse Borrowing Arrangements (LRBAs) a financial product has been met with negative feedback…