- Advocacy
SMSF Association Submission
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 on the review of the regulatory framework for managed investment schemes consultation.
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.
While we recognise that managed investment schemes (scheme) are already subject to a range of
compliance and governance obligations, we have also seen the significant impact the collapse of a
scheme can have on investors such as Trio Capital and more recently the Sterling Income Trust.
The Joint Associations believe there are amendments that could be made to the current scheme to
enhance the governance and compliance of schemes, as well as improve investor understanding and
protections.
Read the full submission below.