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Why an arch-conservative is backing Labor’s super borrowing crackdown
Former Commonwealth Bank CEO David Murray disagrees with Labor and the Greens on almost everything, but backs banning property borrowing by SMSFs.
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Timeline cronologica
- ·
Greens demand cut to SMSF borrowing ‘loophole’ for budget support
The Greens are negotiating an end to borrowing by SMFS to buy property in return for supporting the government’s contentious federal budget tax changes.
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SMSFs hit as government caves in to Greens
The government has yielded to the Greens and agreed to ban SMSFs from borrowing to purchase residential properties and avoiding the CGT increase.
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Why an arch-conservative is backing Labor’s super borrowing crackdown
Former Commonwealth Bank CEO David Murray disagrees with Labor and the Greens on almost everything, but backs banning property borrowing by SMSFs.
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SMSF property plans shattered by Labor-Greens budget deal
The sudden policy shift comes despite federal Labor declaring just last May that it had no intention of banning the super borrowing arrangement.