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The recent removal of the SMSF accountants exemption as well as the introduction of your accountant limited licence has compelled quite a few observe proprietors to take into account their licencing selections as well as the impact on their organization.
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Using the FoFA reforms, this exemption are going to be taken off, that means that accountants will be not able to supply SMSF information without the need of both holding an Australian Fiscal Providers License (AFSL) in their very own correct or getting an authorised agent of a licensee.
Accountants together with other advisers who attain the limited AFSL will probably be authorised to provide economical information on self-managed superannuation funds (SMSF) and class of item guidance about:
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