M/s Scheerlink, making sweeping statements out of ignorance highlights the lack of understanding of how LRBA's are established in a SMSF.Firstly by the very nature of the structure most lending institutions require a deposit of around 40.0% of residential housing acquisition cost before they will lend any money.In the commercial area, deposits are a little lower only because of the potential of a higher rental return ( 9%-11.0%) to service debt.Unions like the Labour Party in general, are stuck in an ideology that is 1950's thinking.
We look forward to the day when the Labour Party and the Left leaning Liberals start to put all Australians first and not be prolific "bed wetters"
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