The Government are making significant changes to Self Managed Super Funds.
Read the below article from Grow SMSF to understand what the changes are and how these may affect you.
If you would like to arrange a consultation to discuss the impact of this on your specific circumstances, please reach out to us on better@finwellgroup.com.au or via our website.
SMSF Borrowing Banned: What the Labor-Greens LRBA Deal Means for You
The government has struck a deal with the Greens — and if you’ve been planning to buy residential property inside your SMSF using a limited recourse borrowing arrangement (LRBA), the clock is now ticking.
Yesterday, 23 June 2026, Prime Minister Anthony Albanese and Treasurer Jim Chalmers confirmed they have agreed to an amendment that will ban SMSFs from entering new LRBAs to acquire residential property.
The change is the price the Greens extracted for their Senate support of the government’s broader Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 — the legislation that overhauls the CGT discount and negative gearing rules.
This is breaking news. Here is everything we know right now, and what it means for you.
What Exactly Has Been Agreed
The government’s official statement confirms:
“The Government has agreed to support an amendment that will be moved by the Greens to ban future limited recourse borrowing arrangements (LRBAs) for residential property by superannuation funds.”
Treasurer Chalmers told reporters in Canberra:
“We will ban these arrangements for residential property going forward, but we will leave the existing arrangements in place for those existing investments, and also have a 45-day transition period for any investments which are currently midstream.”
(To read more, go to SMSF Borrowing Banned: What the Labor-Greens LRBA Deal Means for You )
At Finwell Group, we want you to have control of your financial future, and our team is ready to help you achieve that.
Give us a call on (03) 9017 3235 or email better@finwellgroup.com.au.
General Advice statement
The information in this article is general in nature and does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
