Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.
Listen as they discuss:
- How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
- The complex regulatory framework surrounding financial services.
- Concerns around the disparity in regulatory costs between wholesale and retail advisers.
