Scalable business. Your right about the growth in numbers will slow eventually. The counter argument is that now the expenses are covered a higher proportion of revenue that is generated from additional SMSF's will now drop to the bottom line.
In other words we will no longer need the same growth rates in numbers because each SMSF will generate a higher net income.
Ann: Class FY16 Appendix 4E and Annual Report-CL1.AX, page-7
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