ASIC’s view on SMSFs as ‘one-stop property shops’

http://blog.revolutionadvisors.com.au/asics-view-on-smsfs-as-one-stop-property-shops/

The Australian Securities Investment Commission (ASIC) has released a new report highlighting its view on the setup of SMSFs for property investments using ‘one-stop shop’ models. ‘One-stop shop models’ tend to promote the purchase of residential property through SMSF borrowing. They are usually arranged by groups of real estate agents, developers, mortgage brokers, financial advisers […]