Major SMSF licensing delays for accountants
ASIC has sent letters to accountants with outstanding limited licence applications advising it would make contact “in due course”, with one licensing consultant believing hundreds may not be licensed before the new super legislation is locked in. ASIC repeatedly reminded those accountants intending to provide SMSF advice this financial year that they needed to loge their licence application by 1 March or face significant risk of not having their licence issued by 1 July.