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Australia needs more $100m SMSFs: Liberal MP

Australia needs more $100m SMSFs: Liberal MP Jul 16, 2021 – 1.40pm Share Australia needs more $100 million SMSFs to inject capital into entrepreneurial start-up businesses, because the country lacks risk capital and industry superannuation funds are too wary to plough into venture capital, according to Liberal MP Jason Falinski. “That’s why I think we need more SMSFs in the $20 million to $100 million mark, where people are more engaged with their money and they will invest in, say, the next CSL, the next Cochlear, the next Atlassian,” Mr Falinski said. Liberal MP Jason Falinski, right, and House economics committee chairman Tim Wilson.   James Brickwood

Call to give fund members product advice support outside of Chapter 7

Call to give fund members product advice support outside of Chapter 7
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