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In light of its latest report into SMSF advice, ASIC has floated to government some fresh policies to address poor consumer outcomes, but one expert is concerned it will only result in more “tick-a-box” rules for SMSFs.
In response to questions received on notice from the Parliamentary Joint Committee on Corporations and Financial Services, ASIC said it may be worth adding additional requirements for the establishment of SMSFs.
Read the full article at SMSF Adviser.