Could ASIC become the SMSF regulator?

Discussion in 'Superannuation' started by boyracer, Sep 10, 2013.

  1. boyracer

    boyracer Member

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    boyracer, Sep 10, 2013
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  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    Just another layer of cash confiscating bureaucracy to contend with.

    If ASIC gets involved we'll most likely end up with ASIC fees in addition to the ATO's (ever increasing) levy.

    Kinda makes me want to transfer all my super into some off-shore investment structure that fails and takes all my super with it ;)
     
    willrocks, Sep 10, 2013
    #2
  3. capt.sparrow

    capt.sparrow New Member

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    U ASS
    Have you written to your MP about this?
     
    capt.sparrow, Sep 10, 2013
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  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    You could convert it all into precious metals and then transfer it to the offshore investment structure by boat.
     
    Jislizard, Sep 10, 2013
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  5. capt.sparrow

    capt.sparrow New Member

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    as long as you went with said boat, cos if you stayed here the ATO would tear you a new one
     
    capt.sparrow, Sep 10, 2013
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  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    This guy got scammed good. Wonder if he gets to carry forward the loss?

    [youtube]http://www.youtube.com/watch?v=MrwEWi1ebaE[/youtube]
     
    willrocks, Sep 10, 2013
    #6
  7. col0016

    col0016 Active Member

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    "If it sounds a bit dodgy it usually is dodgy"
    Is it just me or does the idea of the government taking 9% of your income to hold onto until you die/retire sound a bit dodgy?
     
    col0016, Sep 10, 2013
    #7

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