Oceania: Wealth Management

The Australian government's 2026 federal Budget introduced significant changes to self-managed superannuation fund (SMSF) borrowing rules, restricting property purchases to 'business real property' only. Understanding the strict conditions, cutoff dates, and exemptions for existing arrangements is crucial for SMSF trustees considering property investments. This analysis explores what the new borrowing ban means for residential real estate purchases and how it affects current SMSF property holders.

For individuals and families using private giving funds as part of their broader wealth and succession strategy, the proposals signal a shift in policy emphasis toward increased near-term giving, while still recognising the importance of long-term philanthropic capital.

ASIC has provided Australian financial services and credit licensees additional targeted relief under the reportable situations regime in response to feedback from industry.