- Advocacy
SMSF Association Submission
The SMSF Association would like to highlight concerns in relation to the Australian Securities and Investments Commission (ASIC) submission to the Senate Economics Legislation Committee inquiry into Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 which proposed including SMSFs into the scope of the design and distribution obligations and product intervention powers.
The SMSF Association’s previous submission on the draft legislation was supportive of the design and distribution regime which will promote the provision of financial products to suitable consumers. We believe it should already be inherent in issuers’ and distributors’ behaviour to conduct themselves with the intent to appropriately market and distribute financial products.