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Hi Trev, Its an interesting one - I have a strong belief it will not happen, personally I don't see it coming in before the end of next year - if at all- and addressing the issue you have described is paramount. After all there are 44 recommendations.... I have a heap of clients impacted...

Hi CT - re the two properties settling in 2015, the proposed ban will not be in place by then - seriously it will take 10 years for the ban to be implemented. The scare campaign against SMSF is out of control, i'm sure trustees will take a deep breath and remember that the Libs promised not to...

Amazingly above 75% of the 500,000 SMSFs out there are individual trustee - I will have to check those figures but even the ATO is spruiking the benefits of corporate trustee these days. In my business, with 'many' funds under administration we only have one fund with individual trustee...

Latrobe has personal guarantees also (has since they introduced their product). The idea of 'non-recourse' is being skewed a little by our fantastic lenders. Cheers, Ivan