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The ATO has extended the 30 June deadline for SMSF trustees looking to get their LRBAs on commercial terms.
The ATO announced this week that it is allowing SMSF trustees until 31 January 2017 to ensure that any LRBAs that their fund has are on terms consistent with an arm’s length dealing, or alternatively are brought to an end.
Read the full story at SMSF Adviser.