Accountants are now required to apply for a Limited AFS Licence if they provide their clients with SMSF advice. After 2016 the requirements to obtain this licence will be more onerous because until that date there is a streamlined process in place. In 2013 ASIC introduced the streamlined process and many Accountants are already Licenced to provide advice to their clients on Setting up, Varying Clients requirements, and closing down client's Self Managed Super Funds. By 2016, without a Licence, Accountants will no longer be qualified to provide this service. After 2016, without a Licence, Accountants will be in breach of the law if they provide this service.
If you require assistance with your application, or if you just want some information, then call us on 1300 884 825, our experience and expertise will make it easier for you.