Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREEstablishment exemption rife with pitfalls
Unlicensed accountants utilising the SMSF establishment exemption may run afoul of ASIC and ruin their ‘trusted adviser’ relationship with clients if they do not recommend they receive advice first, warns an industry lawyer.
Speaking at the National SMSF Conference 2017 last week, The Fold Legal solicitor director Jaime Lumsden Kelly said ASIC would “come knocking” if the regulator became aware of an unlicensed accountant establishing SMSFs without any further discussion with the client.
Read the full article on SMSF Adviser.
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