ASIC provides update on misconduct with early super release
ASIC has received over 100 reports of misconduct from the public regarding the provision of unlicensed advice by real estate agents on the early release of super scheme.
In April this year, ASIC issued a warning to the real estate industry after it became aware that some real estate agents were advising tenants who were unable to pay their rent, or that may be unable to pay rent in the future, to apply for early release of their superannuation.
Read more at SMSF Adviser.
