Labor says it has “no intention” to cave to demands by the Greens that self-managed superannuation funds (SMSFs) be banned from speculative property investment in exchange for the party’s support on the $3 million super tax.
That’s despite such a ban being a part of Labor’s agenda in the past – but one it abandoned after its failed 2019 election campaign.
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Andrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.
Michelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
