The Treasury Laws Amendment (Tax Reform No. 1) Act 2026 received Royal Assent on 26 June 2026. The residential property LRBA ban commences 10 August 2026. Existing LRBAs and refinancing are protected. Contracts signed before 10 August remain inside the transition.
On 23 June 2026 the government and the Greens confirmed a Senate deal: an amendment to the first tranche of tax reform legislation will ban future limited recourse borrowing arrangements (LRBAs) by SMSFs for residential property. LRBAs for commercial property, business real property and listed shares remain available. Existing arrangements are protected, contracts signed before commencement are protected, and the change takes effect 45 days after Royal Assent.
Super itself was largely left alone — but the changes happening around super have quietly widened the tax gap between holding assets in super and holding them almost anywhere else in Australia. The SMSF-only cut of the 2026-27 Budget.
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