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Licensing regime tipped to damage SMSF appeal

The complexities and additional costs imposed on clients as a consequence of the new licensing regime could see a significant decline in the attraction of SMSFs, according to one national accounting and advisory firm.

Licensing regime tipped to damage SMSF appeal
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  • Shared by SMSF Adviser
  • October 20, 2015
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William Buck managing director Lindsay Holloway told SMSF Adviser that with the accountant’s exemption ending mid next year, accountants will be required to complete a statement of advice along with other complex processes when undertaking certain services for clients, such as setting up an SMSF.

Read the full story at SMSF Adviser.

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