Changes made to the Superannuation Industry Supervision Act has provided the most exciting opportunity in superannuation in many years. Superannuation funds have been given a "green light" to borrow money for investment purposes.
This article explains the key issues to be aware of when borrowing in super.
Things to Consider
The Australian sharemarket finished the year on a positive note. The All Ordinaries Index closed December 3.5% higher at 4,882.7 points – its highest level since September 2008.
The Australian dollar weakened marginally in December, and is slightly below US90 cents to the dollar.