Calls for super to be used for housing is a recycled debate stemming from the poor policy decisions and lazy thinking of previous governments

The SMSF Association will not support the proposal to introduce a limit on the asset balance an individual can hold within their superannuation fund.

The SMSF sector posted strong returns on assets in the 2021 financial year, with fund sizes playing a role in the performances of individual funds.

The government will seek industry feedback on a legislated objective for superannuation and has put forward its proposed wording.

The SMSF sector has pushed past the 600,000 mark with more than 1.1 million members after a high number of establishments last financial year.

Short-term changes to the superannuation system should aim to complete some unfinished initiatives, while driving end benefits to consumers.