ASIC to conduct visits for licence monitoring
The Australian Securities and Investments Commission (ASIC) has revealed it will carry out visits to businesses with new limited licence accountants to ensure the regime is operating well, but to also examine whether there are any lingering issues. “Over the next 12 months we will conduct a range of surveillance activities in relation to the accountants because they’re new to our regime,” ASIC financial advisers team senior executive Joanna Bird told the SMSF Association Sydney chapter breakfast yesterday.