SMSF Association Submission – Public Consultation on the AML/CTF Rules

The SMSF Association welcomes the opportunity to provide this submission to the Consultation on the new AML/CTF Rules. 

 The SMSF Association is supportive of the outcomes-based approach to drafting the new rules.  We believe this approach provides flexibility for existing and future reporting entities to leverage current policies and processes, where appropriate, and ensure the obligations are scalable to the nature, scale and complexity of the respective entity.