Quantcast
Subscribe to our newsletter

 

 

90% fail rate in ASIC's SMSF compliance swoop

The royal commission has heard nine in 10 SMSF professionals failed to comply with the Corporations Act for SMSF establishment advice, as part of a broader ASIC review of licensees and dealer groups.

90% fail rate in ASIC's SMSF compliance swoop
smsfadviser logo
  • Shared by SMSF Adviser
  • April 18, 2018
share this article

As part of research set to be made public this year, ASIC will show fieldwork that indicates an overwhelming failure to comply with best interests duty and other associated obligations.

Read the full article on SMSF Adviser.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles