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Administrators fined over 'free ' SMSF set up claims

The Australian Securities and Investments Commission (ASIC) has ordered a self-managed superannuation fund (SMSF) administration service provider to pay an infringement notice penalty after claiming its service was free.

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Read more: ASICAustralian SecuritiesEsuperfundInvestments CommissionJanuary 2014Super AccountantRegulatoryAdministratorsDeputy chairman Peter KellInvestment Commission Act 2001 consumer protection provisionsMay 2014