Joint Submission – SMSFA CAANZ CPA IPA – Parliamentary Joint Committee on Corporations and Financial Services inquiry into the wholesale investor and wholesale client tests

Chartered Accountants Australia & New Zealand (CA ANZ), CPA Australia, the Institute of
Public Accountants and the SMSF Association (the Joint Associations) welcome the
opportunity to provide comments to the above inquiry.

The Joint Associations support a strong regulatory framework that seeks to improve investor
outcomes, promote investor confidence, and maintain financial stability while supporting choice, competition, and innovation in the market.