Profile cover photo
Profile photo
Brown Wright Stein Lawyers
Sydney Lawyers specialising in Tax, Estate Planning, Corporate & Commercial, Insolvency & Bankruptcy, Dispute Resolution, Franchising..
Sydney Lawyers specialising in Tax, Estate Planning, Corporate & Commercial, Insolvency & Bankruptcy, Dispute Resolution, Franchising..
About
Posts

Post has attachment
Presented by partners Chris Wilkinson and Peter Wright, join us for a free seminar on insolvent trading principles and recent cases. Avoiding insolvent trading is one of the most important obligations for company directors and there are significant penalties if directors do not comply under the Corporations Act 2001.
Commenting is disabled for this post.

Post has attachment
New AFS Licensing for accountants commences on 1 July 2016

The current ‘accountants’ exemption’ under regulation 7.1.29A of the Corporations Regulations 2001 (Cth) permits ‘recognised accountants’ to provide a recommendation in relation to a self-managed superannuation fund (SMSF), without the need for an Australian Financial Services Licence (AFSL).

As part of the Future of Financial Advice (FOFA) reforms, this exemption will cease to apply on 1 July 2016.

From 1 July 2016, recognised accountants must hold a limited AFSL or be an authorised representative of an AFSL holder in order to provide financial product advice on SMSFs.

In its media release on 7 June 2016, ASIC reminded recognised accountants that providing unlicensed financial services is a criminal offence.

If you would like further information about a limited AFSL for recognised accountants, please contact us or refer to ASIC Information Sheet 179 Applying for a Limited AFSL.
Photo
Add a comment...
Wait while more posts are being loaded