Housing minister defends proposed superannuation overhaul for first home buyers. Follow our live coverage:
Michael Sukkar isn’t the only senior Liberal MP out and about this morning selling the Coalition’s new policy for first home buyers.
But we have to keep remembering this is your money, it’s not their money. It’s not the government’s money, it’s individuals’ accounts and they should be able to do what they need to do in order to create economic security in retirement, but also throughout their working lives.Federal Housing Minister Michael Sukkar has defended the Coalition’s new superannuation policy, claiming critics just want “control” over people’s super.
“But we fundamentally believe super belongs to the people, it belongs to them, it’s their money and they should be able to use it however they want.”Sukkar said the scheme was designed to combat the most difficult element of buying a home – saving up a deposit – and called it a “well-calibrated policy” as it requires first home buyers return the money they’ve drawn back into their superannuation if they sell their home.
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