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The SMSF Association expects the government’s review into managed investment schemes will also examine the compensation scheme of last resort. Speaking in a recent webinar, SMSF Association policy m
Tuesday night’s budget included an allocation for a review into managed investment schemes, despite the issue being left out of the compensation scheme of last resort. After Parliament held hearings into the failure of the Sterling Income Trust, it was inevitable the government would assess what can be sold to retail markets.
A decision to exclude managed investment schemes from the CSLR means the scheme will fail to adequately protect consumers, the SMSF Association has warned. Last week the government tabled the Financ