Why, it was as early as April that Bragg, notwithstanding warnings to real estate agents by the Australian Securities and Investments Commission, was encouraging his hard-pressed constituents to avail themselves of early access to superannuation because “superannuation is for a rainy day and today is the rainy day”.
A little later, the good Senator came to notice for having been made a Grand Commander in the Greek Orthodox Archdiocese of Australia’s Order of Christ-loving for having assisted his Eminence Archbishop Markarios of Australia to gain permanent residency and to source a luxury Sydney apartment with “stunning views of the Sydney Harbour Bridge, the Opera House, a concierge and a heated pool”.
Now, having dealt with the modest accommodations of Archbishop Makarios, Bragg evidently wants to help some of Australia’s young battlers get into a three-bedroom brick veneer with ensuite and lock-up garage by raiding their superannuation.
Outsider assumes that Bragg has done the numbers on this exercise, including holding the superannuation guarantee at 9.5%, and that when those battlers find themselves retiring with an inadequate superannuation balance he will help them access a reverse mortgage.
That’s all good, because whether it’s a mortgage or reverse mortgage, someone is clipping the ticket somewhere.
