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Former PM’s warning over borrowing for property via self-managed super funds

Paul Keating has warned that borrowing for property via a self-managed super fund represents an “accident down the road.”

The Former Prime Minister claims that the measure allows super funds to get into debt, lured by the often false hope of a future dividend down the track.

ATO data substantiates that this may be the case, with borrowing by self-managed super funds ballooning significantly in recent years.

To understand the logistics behind this, Michael McLaren was joined by Terry McCrann.

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