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ASIC wary of emerging SMSF misconception

ASIC is aware that some accountants have let a critical detail of the new licensing regime “slip through the net”, which could cause significant compliance issues, according to one industry consultant.

ASIC wary of emerging SMSF misconception
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  • Shared by SMSF Adviser
  • July 15, 2016
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Accountable managing director Tony Zulli told SMSF Adviser that both providing financial product advice and dealing in a financial product now require an AFSL under the new licensing regime, which began on July 1.

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