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The grey area of wholesale investor thresholds for SMSFs

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Manage episode 423116134 series 3420709
Content provided by Momentum Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Momentum Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, to discuss the intricacies surrounding possible changes to the wholesale investor tests.

Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.

Listen as they discuss:

  • How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
  • The complex regulatory framework surrounding financial services.
  • Concerns around the disparity in regulatory costs between wholesale and retail advisers.
  continue reading

122 episodes

Artwork
iconShare
 
Manage episode 423116134 series 3420709
Content provided by Momentum Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Momentum Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, to discuss the intricacies surrounding possible changes to the wholesale investor tests.

Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.

Listen as they discuss:

  • How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
  • The complex regulatory framework surrounding financial services.
  • Concerns around the disparity in regulatory costs between wholesale and retail advisers.
  continue reading

122 episodes

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