No Nick, FHBs should not be allowed to use super (members)

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ScreenHunter_3508 Jul. 29 09.47

By Leith van Onselen

Independent senator, Nick Xenophon, has announced that he will introduce legislative changes in the Spring session of parliament to allow first home buyers (FHBs) to access their superannuation savings to pay a house deposit:

Such a scheme successfully operates in Canada, called Home Buyers’ Plan, leading to improved housing affordability…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.