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.
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.
