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SMSF Updates

SMSFs and crypto-assets: ASIC warning about scams

20 Jan, 2022

ASIC has warned individuals about an increase in marketing and scams targeting people to switch from retail and industry super funds to self-managed super funds (SMSFs) to invest in crypto-assets (or cryptocurrencies). ASIC reminded super fund members that they should seek advice from a licensed financial adviser before agreeing to transfer their super into an SMSF. ASIC also noted that the ATO website contains information about the obligations for SMSFs making investments, including cryptocurrencies. 

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