- Advocacy
SMSF Association Submission
The SMSF Association welcomes the opportunity to provide this submission in response to the
Government’s Review of the regulatory framework for managed investment schemes. In this
submission, we would like to take the opportunity to address the wholesale client regime in the
context of self managed superannuation funds (SMSFs).
The requisite thresholds have been in place since their inception in 2001, and not subject to any form
of review, update, or indexation. With the effects of inflation, these are now significantly outdated. A
review into the appropriateness of the regime as part of the Future of Financial Advice (FOFA) reforms
in 2011 delivered no outcomes. This was despite a range of issues and concerns being raised at that
time.
Read the full submission below.