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Self-managed super sector blindsided by Labor–Greens deal on tax package
A ban on self-managed super funds borrowing money to buy housing has blindsided the sector, which says Labor should instead target "unscrupulous" operators spruiking property as an investment.
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afr.com
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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abc.net.au
Labor, Greens cut deal on CGT and negative gearing
The Greens pledge their support in exchange for an end to an exemption that allows self-managed super funds to borrow money to invest in residential property, and a delay on the…
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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.
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Self-managed super sector blindsided by Labor–Greens deal on tax package
A ban on self-managed super funds borrowing money to buy housing has blindsided the sector, which says Labor should instead target "unscrupulous" operators spruiking property as…
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SMSF curbs could hit 30pc of apartment buyers, developers say
Investment from self-managed super funds plays a crucial role in making projects viable, developers say. Without that investment many projects may not go ahead.
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SMSF lending ban contradicts the budget it was bolted onto
This ill-considered ban works against efforts to increase housing supply and affordability, and it has created uncertainty for those planning for retirement.
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theguardian.com
Labor’s tax deal with the Greens will close a superannuation ‘loophole’. What is changing and who is affected?
Self-managed super funds will be barred from borrowing to invest in residential property, in a move welcomed by some economists
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Labor’s rushed SMSF borrowing ban snares commercial property
The legislation targeting residential property has inadvertently trapped mixed-use assets and vacant commercial land.