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  • Interaction between Division 7A and COVID-19 LRBA repayment relief

    Guidance on the interaction between COVID-19 limited recourse borrowing arrangements (LRBA) repayment relief and Division 7A is now available online.

    You should read our new LRBA guidance if your self-managed superannuation fund (SMSF) has:

    • an LRBA from a related private company where Division 7A applies; and 
    • you have negotiated repayment relief with the lender on commercial terms as a result of the financial impacts of COVID- 19.

    The new guidance is here to help SMSF trustees determine how to avoid the application of non-arm's length income (NALI) rules, especially if unpaid interest has not been capitalised on the loan during the payment deferral period. 

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      Last modified: 29 Mar 2021QC 65166