ASIC warns on large super contribution strategies

ASIC has offered a number of tips to investors planning to contribute large sums of money into their superannuation funds. ASIC's Executive Director of Consumer Protection, Mr Greg Tanzer, said ASIC has recently heard of some contribution strategies which he said could be expensive, speculative and even risky. Mr Tanzer said strategies like selling or transferring an investment property, shares or other assets into a super fund require particular care and attention.