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Home > Financial Management > Modifications to SMSF Financial Advice

Modifications to SMSF Financial Advice

  • Written by: Sanchi Seth
  • Reviewed by: Deepak Rajput

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ASIC released an update to its requirements for financial advisers providing SMSF advice.

Previously, ASIC guidelines specified a $500,000 minimum threshold for setting up an SMSF. The new guidelines have now eliminated this advice. The SMSF industry and NGOs such as the SMSF Association applauded the amended rules, which will provide AFSL licensees more latitude when delivering personal SMSF advice to customers.

Please click here for further information on ASIC’s modifications to guidelines.

ASIC has emphasized the significance of specific SMSF expertise among advisers in order to ensure compliance with expanding SMSF rules.

AOne Outsourcing specializes in SMSF Accounting. Contact us for more information.

Picture of <span>Written by: </span>Sanchi Seth
Written by: Sanchi Seth

Sanchi Seth is the Content Head and Senior Content Writer at Aone Outsourcing Solutions, with 8+ years of experience specializing in US tax and accounting content. She focuses on areas such as income tax, corporate tax, payroll tax, and compliance, creating clear, reliable content tailored for US businesses and CPA firms. She simplifies complex tax concepts into practical insights that support informed decision-making and regulatory compliance.

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Picture of <span>Reviewed by:</span> Deepak Rajput
Reviewed by: Deepak Rajput

Deepak Rajput joined Aone Outsourcing Solutions as Chief Executive Officer in 2016. He has more than 13 years of experience in accounting, tax compliance, and business strategy, and is more inclined to help clients based in the US Business and CPA firms.

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