People with the concerns listed above should not regard themselves as permanently excluded from the world of self-managed retirement vehicles.
There is a relatively unknown option that can grant access to a wide range of investment options while also, at the same time, allaying the fears of non-compliance or ineligibility that some investors may have.
The full name of this particular investment vehicle is quite a mouthful: Small Australian Prudential Regulation Authority Funds. Fortunately it is much more common to refer to it as SAFs! SAFs share many similarities with SMSFs but there are also crucial differences which should make them attractive investments for certain types of investors.