| Assistant Treasurer Arthur Sinodinos has said he does not believe SMSFs are doing “too much” property investing, reports SMSF Adviser. During a speaking engagement at the ANZ Central Bank and Sovereign Wealth Fund Conference in Sydney last month, Senator Sinodinos discussed the ongoing public speculation regarding SMSFs and property investment.
“Our superannuation pool now is about $1.6 trillion,” Sinodinos said. “One third of that is held through self-managed super funds, with one, two, three, or four people acting as trustees for their own superannuation fund.”..............................................Full Article: Source
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