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SMSF or industry SF, at the end of the day, any investment carries a risk. It makes absolutely no difference. SMSF need to comply, be audited regularly and now, payments have to go through an electronic gateway. If your industry super fund loses your money as a result of bad investment then you'll lose the lot, all the same. Look what happened with Colonial first state, years ago. At least, if you run your own SMSF you are in control and have a choice to manage and invest your money directly.
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