Something to keep an eye out for those looking to self-manage. http://www.smh.com.au/business/another-gold-coast-group-keeps-the-watchdog-busy-20120712-21yx0.html
".....based on Queensland's Gold Coast - just like the last half-dozen. The Australian Securities and Investments Commission's dogged pursuit of groups selling financial advice and products, but lacking licences, training or approvals, could present a serious problem for the state's fledgling Premier, Campbell Newman, given that these outfits seem to make up the principal economic activity in the region." Says a lot doesn't it.
Obviously for some the S.M.S.F. stands for Stitched up Mindless Silly F%#k wits Kind Regards non recourse