With so much money at stake, the average SMSF has $888k and the median is $525k, I wonder if trustees should have to have a "certificate" to run a SMSF and pass a test every few years to have the certificate renewed.
Is this going a bit too far?
Consider the amount of money we are talking about:
418 Billion dollars
http://www.lifefs.com.au/assets/Articles/20111004-SMSF-ATO-statistics.pdf
