SMSF Association Submission
The Self Managed Super Fund Association (SMSFA) welcomes the opportunity to make a submission on the Government’s draft Asia Region Funds Passport (ARFP) and Corporate Collective Investment Vehicle (CCIV) bills. We embrace the move to regulatory frameworks that will give SMSF trustees and advisors greater choice, more opportunity and reduce ‘red-tape’ for investing in global and Australian markets.
SMSFs currently have $696 billion in superannuation assets and therefore form a large component of investment in the Australian economy. Furthermore, almost 20% of SMSF investments (approximately $133 billion) are made through a trust or managed investment structure. This will mean that SMSFs will be key investors in CCIVs.