ASIC cracks down on SMSF risk - SBA franchises available to assist with any enquiries
The Australian Securities and Investment Commission (ASIC) advised a Senate estimates committee last night that investors in self-managed superannuation funds should be required to sign a written agreement acknowledging a warning that their funds would not be compensated for theft or fraud.
This move comes after SMSF funds were deemed not eligible for compensation after the $176 million collapse of Trio Capital in 2009.
Small Business Accounting (SBA) offices in Melbourne, Tweed Heads and Joondalup are available to assist with any enquiries. SBA is known for assisting the small business community, with special focus on self-employed businesses and property investors.
Have you got what it takes to become an accounting or bookkeeping franchisee?
SBA are seeking franchisees who have sufficient bookkeeping or accounting experience. Other pre-requisites include:
- Academic qualifications to satisfy the Tax Practitioners Board's requirements for BAS Agents or Tax Agents
- Above average computer skills
- Must have, or be able to access sufficient capital to cover the initial fee, set up costs, and working capital for the first few months