Comment of the Week goes to....

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Once again, ASIC has provided more ‘guidance’ for advisers in the self-managed space this week, but it did not receive a very warm welcome from readers.

Most advisers realised that the points laid down by ASIC were already part of every good adviser’s regime. Others questioned why accountants, real estate agents, mortgage brokers and the like, weren’t also targeted.

Our comment of the week goes to “Cameron”, who raised another important issue and possible area of focus for ASIC:

“Every comment seems to have a go at accountants and mortgage brokers, whilst I do agree, you must remember that a fund can be set up online for peanuts these days with no advice or support from anyone in any industry. Clean up the online floggers of SMSFs and we may well just start to get onto a level playing field”

Is this an issue you’re concerned about? Share your thoughts below.

More stories:

SMSF danger is overhyped

Fraudsters too smart, says ASIC

Work cut out for advisers to add value

 

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