The Australian Financial Review --- Page: 42 : 27 October 2007 Original article by John Wasiliev
LexisNexis Summary
A striking reform has been made to Australian laws on do-it-yourself (DIY) superannuation funds. The legislation specifies the assets DIY funds are allowed to invest in, which include works of art and direct property. Some experts hold the contentious opinion that the amended laws will permit DIY funds to borrow in order to invest. The changes establish beyond doubt that adventurous DIY funds are permitted to use the most common type of instalment warrant. Funds with highly-geared instalments can minimise risk by investing in options.
