The Australian Government has made legislative changes, which will allow investors to use gearing strategies more widely. Some financial advisers believe that this initiative will start a new investing era for self-managed superannuation funds (SMSFs). The Australian Securities & Investments Commission (ASIC) is concerned dubious-quality investments and strategies will be promoted to investors as particularly suitable for SMSFs. Louise de Pre, an assistant director with ASIC, says promoters of financial products will be monitored by ASIC on whether they disclose investment risks upfront as required by law.
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