The Australian Financial Review --- Page: 29 : 29 August 2007 Original article by Jonathan Barrett
LexisNexis Summary
During the June 2007 quarter, Australians poured a total of $A20 billion extra into super, due to changes in super laws. The changes allowed Australians to deposit up to $A1 million into super before 30 June 2007. The fund managers which gained huge inflows included Colonial First State, BT, MLC, Macquarie Bank and AMP. Australians also deposited huge amounts into cash and managed funds, which are not technically part of the super system. Experts believe that super will keep pouring in because investors have a window of opportunity. They can still invest up to $A450,000 worth of super in one go, in a three-year period.
