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It may take up to a year for ASIC to complete the processing of the remaining limited licence applications, leaving many SMSF accountants in the lurch, says one SMSF compliance expert.
Speaking to SMSF Adviser, Sophie Grace Compliance and Legal director Sophie Gerber said the slow pace at which limited licence applications are being processed by ASIC is causing significant issues for some accountants.
Read the full story at SMSF Adviser.