Self-managed super sector blindsided by Labor–Greens deal on tax package (opens original article in a new tab)

A ban on self-managed super funds borrowing for housing investments has been included in a Labor-Greens tax deal, drawing criticism from financial groups and the Coalition.

• Self-managed super funds (SMSFs) are surprised by a ban on borrowing to buy housing as part of a Labor-Greens tax deal.
• The amendment ends an exemption allowing SMSFs to borrow for residential property investments, affecting about $80 billion in arrangements.
• Labor and Greens agreed to extend an NDIS review and add protections for disabled Australians, while the Coalition opposes the tax changes.