Could one stroke of the pen unlock $10 billion in housing investment?
Stamp duty regulations that could be holding back superannuation funds from investing billions of dollars into property assets are under review by the Australian Securities and Investments Commission (ASIC).
ASIC is Australia’s integrated corporate, markets, financial services and consumer credit regulator. (Image source: Mehaniq/Shutterstock.com)
In the midst of a housing crisis, a bureaucratic change to the way stamp duty is reported by superannuation funds could ultimately deliver 35,000 additional homes to Australians.
Regulatory watchdog ASIC is reviewing a stamp duty disclosure requirement that has raised concerns about how it is deterring the $4 trillion superannuation system from investing in the building of new housing.
ASIC Chair Joe Longo said the agency was responding to cons…
