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You'd better take away their right to vote as well, because when those people reached retirement with nothing, they'd be screaming for assistance. They'd have no memory of the bad decision they made 25 years earlier.

With one exception, every change to superannuation rules have been in favour of the contributor. The one exception was added due to a nutback lobby group and was repealed quite quickly when the government realised it was a mistake. The co-contribution scheme was never meant to be permanent...

Superannuation is preserved until the benificiaries vestment age of 60, or as Mark suggests, 55 under certain circumstances. If people were in a position where they could access super before retirement, even if only for an emergency, then an emergency would come up are regular intervals in life...

I didn't say you could increase the loan to access the equity as cash, I say you could cross-collateralise a second property to the first, thus accessing your equity that way. This is perfectly legal under super borrowing laws.

Lousy returns which are fully taxed. An insurance bond vehicle lists the child as a benificiary but you're still the owner and can change the benficiary at will. A savings account is really only a 1-2 year timeframe strategy or a place to 'park' money. Over an 18 year timeframe, just about...

It's a great strategy but it won't be giving anyone anything for the 18th birthday. As it's through a super fund, the child won't be able to access the money until they're 60. The good news is they'll probably collect 5-6 million at that point. Their retirement will be assured. If you want...