ASIC acts against super home loans

Macquarie Group has been asked by ASIC to stop marketing its' Property Lever loan product until questions about its' structure have been resolved. Property Lever was the first loan packaged for Self Managed Super Funds, allowing investors to borrow 55 per cent of the value of an investment property through their super fund. Macquarie has not been restricted from selling the product to consumers who approach Macquarie independently.

Source: The Australian Financial Review

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