Sarah Jane Busteed was charged with three counts of dishonestly obtaining a financial advantage by deception along with the dealing with the proceeds of crime charge, following an ASIC investigation that alleged she dishonestly obtained monies from SMSF
s undertaking property purchases.
Busteed is also alleged to have dealt with monies obtained from a SMSF
which are believed to be proceeds of crime.
The investigation into Busteed’s conduct was carried out by ASIC’s SMSF
Taskforce, which was established in 2012 in response to the growing popularity of SMSF