Asx seems to be worse as even Tsx Toronto in that. Sometimes...

Asx seems to be worse as even Tsx Toronto in that. Sometimes even brokers in Toronto in the past did not understand the rule which effect foreigners too. The rules are ridiculous for many non-residents especially from coutries with lower taxes, lower lviving costs. A non-resident could be far wealthier as a canadian, but no one usually knows in Canda if the non-resident fits to the rules as they are local minded albeit extremely dependent on foreign capital!.

I recommend you to listen to a video from former Us hedge fonds manager Rogers Webb now resident in Switzerland on usawatchdog.com He expects that the brokerage investments will be stolen one day to cover derivate losses. The big question to me is if the ASX will use their rules to steal everything from shareholders. Not good if you have to ask for a royal comission, do they really care? Take a look how chinese investors act when they are in danger due to bad management to loose their savings, could become very dangerous for the managers.