The federal government has rejected the Murray review's proposal to ban self-managed superannuation funds from borrowing to buy property.
But the use of super for wealth accumulation and transfer could be prohibited and the system's links with union-negotiated workplace agreements will be severed.
Treasurer Scott Morrison said there was insufficient evidence to support an immediate ban on borrowing.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
