ASIC licensing rules for accountants ‘onerous, unnecessary’

There was never a solid enough reason to remove the accountants’ exemption and the current licensing regime for accountants is out of step with industry practice, according to some licensing consultants.

by | 28 Aug, 2017

ASIC licensing rules for accountants 'onerous, unnecessary'

In the wake of the accountants’ exemption phase out — which allowed accountants to provide basic SMSF services without an Australian Financial Services Licence — new licensing options have been largely unpopular with accountants, particularly the limited licence.

Read the full article on Accountants Daily.

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