As a general rule, superannuation funds cannot borrow. A limited recourse borrowing arrangement (LRBA) allows self-managed superannuation funds (SMSF) to borrow money principally from third party lenders such as a bank, non-bank lenders or related party lenders (Lender), to buy a single asset (Asset). An LRBA provides further protection from creditors as the Lender can only claim recourse against the Asset itself, not other assets held by the SMSF. Prior to 10 August 2026, a