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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.

ASIC licensing rules for accountants 'onerous, unnecessary'
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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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