ASIC’s statement on wholesale and retail investors and SMSFs

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ASIC has clarified how it will apply the wholesale investor test to self-managed superannuation funds (SMSFs). This has been an area of ongoing legal uncertainty. The recent Senate Economics References Committee’s final report on the performance of ASIC recommended the Australian Government clarify the definitions of retail and wholesale investors. A 2011 Treasury options paper, […]

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ASIC response to James Wheeldon allegations

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ASIC rejects completely comments made yesterday under parliamentary privilege by a former employee Mr James Wheeldon about ASIC’s granting of relief in relation to generic super fund calculators. The matter involved ASIC’s granting of legal relief 10 years ago in relation to the use by super funds of generic online calculators. Such calculators are a […]

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