Home About Us Our Services Testimonials Latest News Client Resources Contact Us Make an Enquiry
"Ajen is an accountant who is down to earth and genuinely interested in their clients prospering."
"As a trusted advisor you guided our business back on course when the outlook was far from positive and we look forward to your continued assistance into the future"
"His attitude towards his work and my portfolio has been exemplary. He always finds time for me at short notice and is a benefit to all."
"Ajen always has a high standard of professional manner. He continued to give me good advice and is a reliable person, helpful in sorting out problems and finding solutions easily."
"Ajendra has made himself available sometimes even after normal business hours, to assist us with any questions we have, even when sometimes they may have seemed silly or simple, he has answered in full and easy to understand terminology, at no point has he ever made me feel silly for asking."
"He is always accessible to speak with and even calls me to ask if I need help with anything."
"Ajendra's willingness to dedicate "caring time" to his clients sets him apart from others."
"I am confident to refer friends and family to his team because I know they are in the most capable hands. Ajendra’s honest, caring and upbeat nature has been an absolute godsend and I am so thankful that our paths crossed"
"Ajendra’s speaks with you in a language that you can understand and comprehend easily which assists in equity and partnership with your tax agent."
"We find you have a personal approach to your accounting practice, which makes everyone feel like number 1. This is a rare and special trait, and leaves us knowing we are in good hands."
"He is very astute, and at the same time down to earth and really interested in his clients prospering. For people like us who are new to small business this is an absolute god sent."
"He shows a genuine interest and I never feel rushed. He has created a warm and friendly environement."

LRBA ban no better for housing supply or retirement, accountants clap back

Share this article:

Despite its aims to ease the housing crisis, Labor’s LRBA ban continues to receive a mixed response, with many concerned about the impacts on retirement security.

.

Accountants are calling recent changes to the use of limited recourse borrowing arrangements (LRBAs) disproportionate, saying they will not ease house prices and warning that they will harm SMSF holders, including younger Australians.

The change, aimed at restricting SMSF holders' ability to use LRBAs to purchase residential properties (which had been in place since 2007), has elicited numerous responses within the profession following its 23 June announcement, with support from the Greens. 

"The structure is conservative by design, and there is little tax advantage to remove. The ban will not move house prices or add to supply. What it will do is close off a legitimate asset class for the many SMSF members whose balances are not large enough to buy property outright," said Stuart Sheary, head of technical at the Institute of Financial Professionals Australia.

“This is not unchecked activity — residential property is a legitimate part of a diversified retirement portfolio. Rather than applying targeted, calibrated settings, the Government has chosen a blanket approach. Removing residential SMSF borrowing does not eliminate demand for property investment within superannuation,” added Andrew Chepul, chief executive of ColCap Financial Group.

In a joint statement, industry practitioners, including Chepul, said “if the Government proceeds, a more balanced alternative would be to allow limited recourse borrowing for one residential property within an SMSF”, calling for a more “proportionate and targeted policy”.

“If the Government is determined to act, a more proportionate approach would be to allow borrowing for a single residential property within an SMSF. This would preserve diversification, maintain appropriate guardrails, support trustee choice, and better align with the Government’s stated objectives,” said Mario Rehayem, chief executive of Pepper Money. 

“This policy was introduced without consultation, detailed modelling or evidence of systemic risk. It should be reconsidered before it materially reduces Australians’ capacity to build sustainable retirement savings,” Rehayem said.

With many younger Australians actively engaging with their retirement savings, Bluestone chief executive Mark Jones said the policy risks undermining those taking responsibility for their financial future and destroying pathways to retirement security.

"Superannuation is a long-term investment. It is reasonable for members to take a long-term view and to hold growth assets, including direct property, over that horizon. Direct property has long been a part of that mix," Jones said.

Previously, accountants have warned that these changes would crush trust in the nation’s retirement system, with some echoing the budget refrain of broken promises, others saying that the government is using a genuine vehicle for retirement savings as a bargaining chip, in a policy that is not evidence-based or in the public interest, but highly political.

 

 

 

 

26 June 2026
Carlos Tse
accountantsdaily.com.au

Want to know more?

Do you have a question about something you've read in this article? Need more information? Want to book an appointment? Simply let us know below and we'll get back to you ASAP.

Share this article: