Wholistic Financial Solutions held an informative webinar on Canberra’s SMSF Expert Series: Buying Property in SMSF and for a limited time, Trustee’s of Self Managed Superannuation Funds (SMSF) can view the webinar for free at http://wfscanberra.com.au/_blog/smsf-experts/post/canberra-smsf-experts/
August 3, 2014
Canberra, Australia – /PressCable/ —
The Buying Property in SMSF webinar Helps Trustee’s of Self Managed Superannuation Funds (SMSF) understand the fundamental flaws in ASIC’s Professional Advice laws.
Trustee’s of Self Managed Superannuation Funds (SMSF) interested in learning more about the challenges of Buying Property in SMSF can view an exclusive webinar on Fundamental Flaws in ASIC’s Professional Advice Laws for free on the Wholistic Financial Solutions website: http://wfscanberra.com.au.
In addition to answering questions about Fundamental Flaws in ASIC’s Professional Advice Laws, Catherine Smith (Canberra’s SMSF Expert) also covered Financial Planners v Accountants during the webinar. One of the most surprising facts explored during the presentation is which few Trustee’s of Self Managed Superannuation Funds (SMSF) are aware of.
Issues highlighted in this informative webinar include:
Financial Planners v Accountants – Setup of an SMSF legally requires the recommendation from a Financial Planner. ASIC’s Professional Advice laws only allow for an accredited accountant to establish an SMSF. However, the same legal provisions, precludes an accountant from recommending establishment of a Self Managed Superannuation Fund.
Mortgage Brokers v Financial Planners – ASIC’s Professional Advice Laws require a bank or licensed mortgage broker to finance property purchases in an SMSF. However, ASIC’s legislation has no provision to allow mortgage brokers to recommend SMSF borrowings. Legislation requires that a recommendation for SMSF borrowings must be accompanied with advice from a financial planner.
For more information on the turn-key solution to these problems; and to registrar for free access to the full video, interested Trustee’s of Self Managed Superannuation Funds (SMSF) should visit the website at http://www.wfscanberra.com.au/
Name: Catherine Smith
Organization: Wholistic Financial Solutions
Phone: +61 2 6162 4546
Address: 7 Dickson Place, Dickson ACT 2602