ABC Bullion pooled account

Discussion in 'Superannuation' started by wogsncash, Jun 21, 2020.

  1. wogsncash

    wogsncash Member

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    So I have a SMSF and some bullion in the pooled or unallocated account with ABC bullion. I recently made a PM purchase and the owner of the shop said that ABC was in legal hot water and that it may not be safe to have money in the pooled account.

    Does anyone have any thoughts or knowledge on this? I'm not ready to pull the trigger on any action based off of one account and the news articles point to just one business arm of the Pallion group.
     
  2. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I think there was a recent judgement by the tax office against their group for something like 50 million. Maybe someone can provide more accurate or updated information!
     
  3. wogsncash

    wogsncash Member

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    Yes I had read that. But this guy made it sound like that they were on the verge of going bust. Pallion group is a billion dollar company so I don't see $50mil being a deal breaker.
     
  4. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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