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ASIC tipped to 'make example' of accountants

One industry lawyer has outlined key areas of the new licensing regime that a worrying portion of accountants continue to misunderstand, warning it’s not unlikely that ASIC will "make an example" of non-complying professionals.

ASIC tipped to 'make example' of accountants
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All accountants, including those choosing not to become licensed under the AFSL regime, need to have a "very good understanding" of what constitutes financial product advice under theCorporations Act, solicitor at The Fold Legal, Jaime Lumsden Kelly, told SMSF Adviser.

Read the full story at SMSF Adviser.

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