The Treasury Laws Amendment (Tax Reform No. 1) Act 2026 received Royal Assent on 26 June and changes Limited Recourse Borrowing Arrangements (LRBA) provisions for self-managed super funds (SMSFs). The new rules apply to LRBA arrangements entered into on or after 10 August 2026. Under the new rules, an LRBA can only be used to acquire real property if the property is business real property. The following arrangements are unaffected: existing LRBAs entered into before 10 August