Robin Nahum Posted July 7, 2010 Share Posted July 7, 2010 Australia is reviewing the operation of self-managed superannuation funds and it appears that collectables (like vintage guitars) may no longer be allowed as investments. http://www.smh.com.au/money/super-and-funds/new-super-regime-strikes-a-sour-note-with-collectors-20100706-zz4o.html I was disappointed to read that when guitars are purchased for super purposes, they cannot be used for personal benefit i.e. played. Nothing to stop you buying them outside of your super scheme (edit) and putting them under the bed although I guess this is the same thing in terms of their not being enjoyed. RN Link to comment Share on other sites More sharing options...
Murph Posted July 7, 2010 Share Posted July 7, 2010 How would they know if you played it? Link to comment Share on other sites More sharing options...
Robin Nahum Posted July 7, 2010 Author Share Posted July 7, 2010 I gather from the article that such collectables need to be held in escrow. Hmmm... now you've got me thinking about a midnight break-in followed by a dream jam session. Interestingly two items from 1959 came to mind - Les Paul Standards and Fender Bassmen. RN Link to comment Share on other sites More sharing options...
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