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	<title>Financial Standard Comments - ASIC lowers wholesale investor threshold to $2.5 million</title>
	<description>Self-managed super fund (SMSF) trustees with net assets of at least $2.5 million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined.</description>
	<link>https://www.financialstandard.com.au/feed/latest?story=42460261</link>
	<lastBuildDate>Mon, 11 Aug 2014 16:44:25 +1000</lastBuildDate>
	<pubDate>Mon, 11 Aug 2014 16:44:25 +1000</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
	<ttl>5</ttl>
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		<title><![CDATA[
Comment by John Haster (John Haster& Associates)
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<p><p>What comfort it must give most investors in superannuation, most of whom cannot even dream of having sufficient money in superannuation or elsewhere, to learn that there are fellow Australians who have more than $10 million in their Superannuation Fund.</p>
<p>What a disgrace.</p>
<p>On top of this it is necessary to have expensive discussion, that is expensive at taxpayers' expense, about whether those rich Australians should have special treatment when purchasing assets in their Fund.</p>
<p>What has happened to a fair go for every Australian citizen?</p>
<p>The rich get richer and the poor stay poor because they cannot get any poorer.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator><![CDATA[
John Haster (John Haster& Associates)
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		<pubDate>Mon, 11 Aug 2014 16:44:25 +1000</pubDate>
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