For instance, Australian Securities & Investments Commission (ASIC) recently raised concerns about the marketing of properties as “Self Managed Super Fund (SMSF) qualified” and “SMSF friendly”. The regulator is understandably concerned that the promotions suggest that a category of property exists that is particularly suited to SMSFs. There is, of course, no such category of property. Whether a piece of real estate is an appropriate investment for an SMSF much depends on the circumstances of the fund and its members, whether the property is a worthwhile investment and, critically, a fund’s mandatory investment strategy. Further, SMSF trustees should only accept […]