An SMSF can be a wholesale investor if it satisfies the tests under sections 708 and 761G of the Corporations Act, the accountant must also comply with their continuing professional education and ethical requirements.

An SMSF can be a wholesale investor if it satisfies the tests under sections 708 and 761G of the Corporations Act, the accountant must also comply with their continuing professional education and ethical requirements.

The wholesale investor rules apply only to financial products and financial services. This includes managed investment schemes, securities, superannuation products, and derivatives. These rules do not apply to direct investments in non-financial assets, such as residential or commercial real estate, collectables, crypto currency (sometimes) or personal business acquisitions.

Superannuation is a powerful tax planning tool, especially for Gen X family business owners approaching retirement. It allows you to move personal wealth into a low taxed environment, where earnings are taxed at only 15% — and sometimes 0% in retirement.