smsf

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The Australian Labor government plans to ban SMSF property lending as part of tax reforms, sparking mixed reactions in the industry.

The Australian Labor Party has proposed banning self-managed superannuation fund (SMSF) property lending amid broader tax package changes. This move aims to curb risks associated with SMSF borrowing, particularly for property investments, and could reduce the activities of property spruikers targeting SMSFs. The measures have elicited mixed responses from accountants and the financial industry, reflecting concerns about impacts on SMSF strategies and investor flexibility.