A number of recent high profile scheme collapses like Timbercorp and Great Southern have highlighted the danger of commission based investments where there is a conflict of interest between the investor and the financial planner.
What we can learn from this:
Beware of tax-driven schemes – they are usually unviable investments.
If a return sounds too good to be true, then it probably is.
Do your homework.
If you don’t understand it, you shouldn’t be in it
Case study of our investigation of unfair and oppressive conduct. Business investments