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Upcoming webinar
ASIC Report 824: Review of SMSF Establishment Advice
Wednesday 3 June 2026
12:00pm – 12:45pm AEST
Up to 0.75 CPD hours available
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Session Overview
ASIC’s Report 824 Review of SMSF establishment advice provides insights from ASIC’s review of the quality of personal advice provided by financial advisers to retail clients about establishing a self-managed superannuation fund (SMSF).
The report sets out findings, examples, action points and risk indicators that financial advisers and advice licensees can use to improve the quality of their SMSF establishment advice, better identify circumstances where an SMSF should not be recommended and detect misconduct.
In this webinar, ASIC will outline its key findings and observations from the review including common deficiencies identified in the SMSF establishment advice, consideration of the client’s relevant circumstances and professional judgement in determining whether an SMSF was suitable for the client. ASIC will also cover expectations in relation to the best interests duty, appropriateness of advice, prioritisation of the client’s interests and consideration of whether an SMSF is suitable compared to alternative superannuation options.
The session will also touch on the expectations of advice licensees when their representatives provide SMSF establishment advice, including governance, supervision and detecting misconduct.
Meet your speakers
Leah Sciacca
Senior Executive Leader (Financial Advice and Investment Management), ASIC
Leah leads ASIC’s Financial Advice and Investment Management team within the Regulation and Supervision group. The team oversees the regulatory work associated with financial advisers, advice licensees, managed investment schemes, wholesale funds, platforms and managed discretionary accounts. Prior to this role, Leah was ASIC’s Senior Executive Leader, Financial Advisers.
Leah has more than 13 years of regulatory experience and has worked on significant policy and enforcement initiatives. Leah is focused on improving access to good quality affordable advice and working to address conduct in the advice and investment management sectors that leads to poor consumer outcomes. Prior to joining ASIC, Leah was a practising financial adviser for over 10 years, representing several Australian financial services licensees and providing personal advice to retail clients. Leah holds a degree in Business from the Queensland University of Technology as well as a Graduate Diploma of Applied Corporate Governance.