Art market hopes for DIY breakthrough

A change could be in the wings for superannuation and collectables owners.

Australian art collectors are watching carefully for new superannuation policy initiatives from the Coalition in the coming weeks as rumours swirl over plans for the art market.

It is understood the Coalition is seriously considering reforming one of the anomalies of the superannuation system – the sole purpose test, which prohibits collectors of art and other valuables from directly accessing their collections.

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