SMSF

• Yes. An ungeared purchase remains possible if it complies with the fund’s strategy and other SMSF rules.

• No. The borrowing exception remains, but the eligible real-property category has narrowed.

• Yes, provided the transaction is a genuine refinancing that remains within the statutory protection.

• It can where the asset satisfies theBusinessreal property definition and all other LRBA conditions.

• An additional tier begins above $3 million, with a further tier applying above $10 million.

• In-scope SMSFs must report relevant Division 296Earningsinformation through the annual return.

• Division 296 and the restriction on new property LRBAs are enacted and apply from their stated 2026 commencement dates.