Tony Negline

Tony Negline

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Tony Negline has worked in financial services for over 25 years and has been heavily involved in self-managed super funds since mid-1994. He writes about SMSF matters for a wide range of audiences including accountants, auditors, financial advisers and SMSF trustees. Since March 2004, he has written the weekly DIY Super column for The Australian newspaper. He is also the author of The Essential SMSF Guide 2012/13 published by Thomson Reuters which has been endorsed by The Institute of Chartered Accountants of Australia. He has helped many troubled SMSFs resolve their problems.
Tony gives regular presentations about financial services issues to a wide range of audiences each year.

Since mid-2001 he has run his own consulting business. Prior to that he held senior Technical Services roles at ING (now OnePath), AM Corporation and Norwich Union (now owned by MLC).

He and his wife have been married for over 20 years and have two daughters and two sons. They live in Sydney and have run their own self-managed super fund since 2003.

Latest Commentary

Developing property with a unit trust

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The super law’s “limited recourse borrowing arrangements” – aka super gearing – limits your ability to improve an asset once it has been bought. While you can improve the asset with other super monies, you can’t improve it with money borrowed through the limited recourse borrowing arrangement.

You’d be wrong to think however that all is lost from the property development perspective and super funds.

Thankfully, the super laws permit the use of another structure where assets – such as real estate – could be owned and developed. For example your super fund owns a half share in a unit trust with you as the related party owning the other half, and then for you to potentially borrow to fund the development piece.

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