agreed chappy.... but saving for a deposit shouldn't involve stripping your super fund/retirement savings.
the report in the early 80's, commissioned by Hawke, showed that the national economy would not be able to provide an aged pension by 2030..... so Hawke/Keating decided to make retirement savings a national policy and made super compulsory in a trade off on wage rises.
State Gov superannuation programs were overturned and found to be similarly unviable so these were converted, after considerable negotiations and deals with States, to personal superannuation funds.
to important point was of course to ensure that everyone had adequate savings for retirement.
why do the LibCons disparage superannuation and fight so hard against the industry funds, which return a much higher ROI to members?
why are the LibCons trying os hard to undermine retirement savings?
they apparently have no understanding of the economics involved.
