Tax advice exemption discrepancy driving away accountants

A discrepancy in ASIC’s treatment of licensed and unlicensed accountants in relation to the tax advice exemption instrument is driving accountants away from obtaining an AFSL, says an industry lawyer.

by | 26 Sep, 2017

Tax advice exemption discrepancy driving away accountants

Earlier this year, the regulator amended the ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151 to allow full AFSLs to provide exempt tax advice in relation to products not covered by their licence.

Read the full article on SMSF Adviser.

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