ASIC warns of unlicensed financial advice by real estate agents to tenants

ASIC has written a letter to the real estate institutes in each state outlining concerns about some real estate agents who are advising tenants to apply for early release of their superannuation.

AISC warns that such conduct by real estate agents may be in contravention of the Corporations Act as it may may constitute unlicensed financial advice or it may not be in the best interests of individuals.

View the letter here.