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05/04/20
11:32
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Originally posted by MirCat:
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I asked my super company a hypothetical situation, where a person needs the $10,000 dollars as emergency funds. This person has currently the equivalent value of $10, 000 in Aussie shares. Does the Super Fund pay this person this money or whatever they can get for selling his shares? My understanding is, this person will receive his $10 grand and the rest of super fund participants will have to bear the loss.u
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I don't believe that's correct. Anyone withdrawing $10k from their Super will be selling down that amount from their own balance (at the worst possible time of course.