Concerned, you won't get many opportunities land on your plate like this one at such a critical time politically. Can I suggest you take this to your local member (if they are not Labor) with your clients permission (or the clients local Federal Member and show them what the Industry Funds are doing and how ASIC has NEVER investigated a single Industry Fund. ASIC is now looking at Industry Funds but will likely come out with a wonderful report card (they are looking at something like 35 funds in 12 months so not much time to find issues and it would suggest the report is almost written considering ASIC has already stated in a Senate hearing that they dont expect any issues. We all know their are issues and this, if an SOA is on hand from Host Plus, is gold. Demonstrates they are completely conflicted.
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