Self-managed super sector blindsided by Labor-Greens deal on tax package

The sudden Labor-Greens agreement to ban self-managed super funds from borrowing to buy housing has left the sector scrambling to understand the implications. Critics argue that the focus should be on tackling unscrupulous operators promoting property as a safe investment rather than this broad ban. This move could reshape retirement savings strategies and has significant ramifications for those relying on self-managed super funds for their retirement plans. The sector is now reassessing its approach and urging policymakers to reconsider this sweeping change.