After 1 July 2016, accountants will need to be licensed under the Australian Financial Services (AFS) licensing regime if they want to continue providing advice about setting up or winding up an self-managed superannuation funds (SMSFs).
There are three licensing options open to you. Whether you lean towards a limited or full AFS licence or become an authorised representative under someone else’s AFS licence, it’s important to take a close look at all three alternatives in order to address the reform. This is especially true when it comes to how the new limited AFS licence plays into the overall discussion.
In the attached accountants’ exemption information guide, CPA Australia provides a vital overview of the various resources available to both CPA Australia members and Chartered Accountants in Australia and New Zealand.
Access the complete guide here.