Original article by Joanna Mather, James Eyers, Sally Rose
The Australian Financial Review – Page: 1 & 4 : 21-Oct-15

The Australian Government will fully or partially adopt 42 of the financial system inquiry’s recommendations. These include opening the default superannuation fund regime – which is currently dominated by industry funds – to greater competition, including banks and other owners of retail super funds. However, the Government will not implement a recommendation to ban self-managed super funds from borrowing to invest in property.

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