From www.dbalawyers.com.au: The ATO clarifies that offset accounts associated with limited recourse borrowing arrangements are permissible under superannuation law if they are offered by authorised deposit-taking institutions.

However, arrangements with non-ADI lenders should be examined carefully to ensure compliance, as these may involve charges that contravene superannuation regulations.

Additionally, any drawdowns from an LRBA must adhere to super law, as they can result in new borrowing arrangements.