Submitted by Financial Adviser on Mon, 01/30/2012 - 20:53
Many clients ask us about investing in collectables in superannuation via a SMSF. On 5 July 2010, the Cooper Review released the final report of its Review into the governance, efficiency, structure and operation of Australia's superannuation system. One of its recommendations was for: ‘SIS legislation, in relation to self managed superannuation funds (SMSFs) should be amended so that:
the acquisition of collectables and personal use assets by SMSF trustees be prohibited;
