The government's response to the Financial System Inquiry (‘FSI’) was released today. It is good news for SMSF Borrowing!The full text of the government’s response is available at the Treasury website.
Why the Concern?
The final FSI report — released in December 2014 — recommended that the government remove the exception to the general prohibition on direct borrowing for SMSF's. More specifically, it stated that the Government should…..