Big increases in Super

An article in the age estimated that,

INVESTORS poured an estimated $10 billion into super funds over the past three months as they rushed to claim a Federal Government tax break that expired on June 30

This is as a result of the governments tax effectiveness incentive to shift up to $1 million to super before the June 30 2007 deadline. From 01/07/2007 the super contribution cap is set at $150,000 a year, or $450,000 over three years.

http://www.theage.com.au/news/business/10bn-rounds-off-a-super-year/2007/07/04/1183351290753.html