FUNDS MANAGEMENT & FINANCIAL SERVICES Alert: Accountants’ limited AFS licence: is it right for your practice?

1 August 2013

Publications

As part of the Future of Financial Advice reforms, the exemption in the Corporations Regulations 2001 (Cth) which allows accountants to give advice about self-managed superannuation funds without holding an Australian financial services licence will be repealed on 1 July 2016. This means that accountants who wish to continue giving advice to their clients about SMSFs will need to obtain an AFS licence.

 

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