Original article by David Ross
The Australian – Page: 4 : 22-Feb-23

Former Reserve Bank of Australia governor Bernie Fraser says the federal government’s legislated objective for superannuation should include allowing people to use part of their accumulated savings to buy a home. The government’s draft purpose statement for super says amongst other things that it should "preserve savings to deliver income for a dignified retirement". Fraser contends that there is no more comforting thought for Australians than knowing that they will have somewhere to live when they retire. He has also questioned the government’s proposal to allow super funds to invest in social projects, noting that they tend to have low returns.

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