ASIC faces fresh questions on industry super campaign
The corporate regulator has declined to look into further modelling used in a recent Industry Super Australia media campaign around the SG freeze, following the industry fund advocacy group’s infractions earlier in the year that drew ASIC attention.
Responding to questions on notice from Liberal backbencher and House economics committee member Jason Falinski, ASIC said it would “consider appropriate regulatory action” if alerted to misleading conduct around the group’s modelling, but that this had been drawn from a financial calculator, which was exempt from the usual advice licensing obligations.
Read more at the SMSF Adviser.
