ASFA welcomes government initiative

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AUSTRALIA - The Australian government's initiative to build on the superannuation system to encourage young people to save for a home has been welcomed by the Association of Superannuation Funds of Australia (ASFA).

Pauline Vamos, chief executive of ASFA, said the initiative's scope, in being only available to non-home owners, would create limited competition with superannuation savings. The First Home Sav...

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