Self managed super funds banned from borrowing for homes

As part of the political horse-trading to pass legislation through the Senate, the Albanese government has agreed to a series of proposals from the Greens in exchange for support on the passage of its proposed changes to negative gearing and capital gains tax.

Perhaps the two most notable are:

• Removing the ability for self-managed superannuation to borrow to purchase residential homes.
• The inquiry into the government’s proposed overhaul of the National Disability Insurance Scheme has been extended by eight weeks, postponing the changes taking effect as planned until at least August.