Source: Taxation In Australia Journal Article
Published Date: 1 Nov 2016
Chapter 7 of the Corporations Act 2001 (Cth), which is about financial services and markets, regulates those persons engaged in the business of advising on, or dealing with, financial products. It also imposes a number of disclosure and conduct requirements on the issuers of financial products. This article demonstrates that a self-managed superannuation fund (SMSF) is a financial product for the purposes of the Corporations Act 2001. The article goes on to discuss the licensing implications that flow from having that status, and the disclosure and conduct requirements that apply to SMSFs and their trustees under the Act.
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