From www.smsfadviser.com: The SMSF Association is urging the government to amend legislation regarding wholesale investor rules as they apply to SMSFs, citing significant legislative uncertainty.

Recent determinations from the Australian Financial Complaints Authority have intensified these concerns, impacting how SMSFs are classified and limiting their investment options.

The association calls for clear definitions and guidance to ensure the regulatory framework aligns with the original policy intent and adequately supports SMSF investors.