There is a conspiracy against self managed super funds and it has to stop! It’s like a fire started by those funds that fear the growth of SMSFs and it has been fanned by an easily-influenced media who are desperate for sensational stories in a post-election news drought.
It’s made worse by the fact that Tony Abbott is playing the cone of silence card, believing that both business and consumer confidence will be better served if Government is not continually in the news for the wrong reasons. I have to confess that sounds like a sound strategy to me.
So what we have, are vested interest groups joining with some well-meaning people, who might have some reasonable concerns about the wrong people in SMSFs at a time when a housing bubble could eventually happen.