- Advocacy
SMSF Association Submission
The SMSF Association welcomes the opportunity to provide this submission in response to the
Parliamentary Joint Committee on Corporations and Financial Services inquiry into the wholesale
investor and wholesale client tests. In this submission, we would like to take the opportunity to
address the wholesale client regime in the context of self managed superannuation funds (SMSFs).
The requisite thresholds have been in place since their inception in 2001, and not subject to any form
of review, update, or indexation. With the effects of inflation and substantial increases in real estate
values, these are now significantly outdated. At the very least an individual’s principal place of
residence should now be excluded from the net assets test to avoid arbitrarily inflating their wealth
position for the purposes of the requisite thresholds.