The Australian Financial Review --- Page: 37 : 20 February 2008 Original article by John Wasiliev
LexisNexis Summary
Self-managed superannuation funds are lobbying for inclusion in a new home savings scheme. The Australian Government is implementing its election promise of first-home saver accounts which allow concessionally taxed contributions. Self-managed funds have been excluded from the scheme because they are not regulated by the Australian Prudential Regulation Authority. However, they are regulated by the Australian Taxation Office, which will monitor accounts under the scheme. A critic says that many of the most dedicated savers have self-managed funds.
