Angus Taylor distances himself from Andrew Bragg’s proposal to let first home buyers use super
Opposition Leader Angus Taylor said a proposal to let Australians use their superannuation savings as collateral for a home loan is not Liberal policy. The comments followed an idea from shadow housing minister Andrew Bragg, who suggested exploring ways to use retirement savings to help more people buy their first home.
Opposition Leader Angus Taylor has distanced himself from a proposal by Liberal frontbencher Andrew Bragg to let first home buyers use their superannuation savings as collateral for a loan.
Bragg, the shadow housing minister, floated “a range of ways” on Tuesday for Australians’ retirement savings to be used to help more people into home ownership.
Taylor said the idea “is not our policy”.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What safeguards would be needed if retirement savings were used as loan collateral?
How would the proposal affect Australians who are unable to enter the housing market?
What alternatives could help first home buyers without placing superannuation at risk?
How might disagreement over the proposal affect the opposition’s housing policy?
Who would bear the loss if a borrower defaulted on a loan secured against superannuation savings?
YOUR QUESTION
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