Collectables and in-house assets
The Cooper Review was delivered to the Government on 30 June 2010. It contained a number of recommendations, some of which the Government has already announced they will take up.
One such recommendation was MySuper – a low cost default fund for employees who do not actively choose a superfund.
Another recommendation of the Cooper Review was to ban self managed super funds (SMSFs) from holding investments in collectibles such as art, wine and antiques. SMSFs have been provided with five years to sell existing collectables.
If you have a SMSF and are thinking about purchasing collectables talk to Surry Partners first.