ASIC issues stern enforcement warning to accountants
Following the release of its enforcement report and the speculation over regulatory leeway for accountants come 1 July, ASIC warned accountants operating under the AFSL regime not to expect special treatment.
Although ASIC has been understood to be “a little lighter” in terms of enforcement at the beginning of a new regime, a spokesperson told SMSF Adviser that accountants who act illegally come 1 July “are as much at risk of enforcement action as anyone else”.
Read the full story at SMSF Adviser.
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