‘Take responsibility’ SMSF trustees told as advice scandals unfold

While the Royal Commission and ASIC’s report into SMSF advice have exposed various failings by the SMSF advice industry, it should also serve as a reality check for SMSF trustees, according to industry experts.

by | Aug 16, 2018

Changes to contract revenue

Townsends Business and Corporate Lawyers principal Peter Townsend said the current scandals arising out of the Banking Royal Commission will yet again create more red tape and paperwork that might seem to be a good idea but in reality “does little to address the underlying issues and won’t countenance this sort of behaviour”.

Read the full article at SMSF Adviser.

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