The majority of bad SMSF advice is given by unlicensed accountants and property spruikers, not licensed advisers who only give occasional SMSF advice. Increased education standards won't stop bad SMSF advice, because unlicensed accountants and property spruikers don't need to comply with any standards at all. They do whatever the hell they like because they know ASIC is focused on persecuting licensed advisers, not on protecting consumers from bad advice.
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