ASIC ‘finally’ releases AFSL guidance for accountants
Yesterday ASIC released guidance for accountants who are transitioning to the AFSL environment in order to provide SMSF advice, but may have missed the mark, according to a compliance lawyer. ASIC’s Information Sheet 216 AFS licensing requirements for accountants who provide SMSF services (INFO 216) covers how the AFS licensing regime applies to SMSF services provided by accountants.