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 Newspaper reports earlier this year indicated that the Federal Government is planning to restrict the ability of independent contractors to own and control their own self-managed super funds (SMSFs). SMSFs also seem to be the target of the big industry and retail super funds.
ICA believes that Independent Contractors have a right to control their own retirement funds if they wish and to decide how those funds are invested. This is particularly important given the global financial crisis.
ICA is therefore conducting a campaign to defend the right of independent contractors to own and manage their own super funds. While acknowledging that there are some useful government initiatives (notably education about the legal obligations faced by SMSF owners), ICA will vigorously oppose any attempt, by government or others, to limit Independent Contractors' access to, and control over, one of the key elements of their financial independence.
ICA Campaign:
For more about the Campaign and its background, click here [Public section]
General Links:
If you run, or are thinking of starting, your own SMSF, click here for some useful links that provide good, basic information. [Members only]
ATO Links:
For a series of useful rules for running your SMSF (sourced from the ATO), click here [Members only]
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