‘Very big problem’ on horizon for accountants

Fresh concerns are mounting that accountants who plan to take advantage of the transitional licensing arrangements and exemptions granted by ASIC will lose their privileges, given the inadequacies of applications and increasing rejection rate.

Accountants are able to take advantage of the transitional arrangements for the responsible manager requirements if they lodge their application for a limited licence by 30 June, and that application is subsequently approved.

Click here to read the full Article by Katarina Taurian published by SMSF Adviser