The government is being urged to wind back its ban on self-managed superannuation funds investing in property, with the housing sector and Coalition warning that the policy would wipe out 11,500 new home builds a year.
With the remaining budget bills scheduled to pass the House of Representatives on Thursday before heading to the Senate in three weeks, the opposition will move an amendment to preserve limited recourse borrowing arrangements (LRBAs) for SMSFs buying newly built properties.
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