The West Australian --- Page: 36 : 14 April 2008 Original article by John Kavanagh
LexisNexis Summary
Changes to superannuation laws in Australia have gone further than many expected. Amendments to the Superannuation Industry Supervision Act in November 2007 allow funds to borrow in order to invest in any asset that they could have purchased. This has opened a range of loan options from financial services providers tailored for self-managed superannuation funds in particular. Some of these loans require personal guarantees. Financial analysts are unsure about the appropriateness of the changes and the Australian Taxation Office has responded to the changes by issuing a tax alert advising caution about these loan products.
