Property firm penalised for SMSF advertising
A property advisory firm has paid a $10,800 infringement notice penalty after making potentially misleading statements about the cost of setting up a SMSF fund. In a public statement, ASIC said LT Management Pty Limited (LT Management) potentially made misleading statements about the cost of setting up an SMSF using the services of Capital Partners Pty Limited (RS Capital), trading as My SMSF Property.