Over 500 limited licence applications still in limbo

The latest licensing figures released by ASIC reveal that while a further 70 applications have been processed since the beginning of July, 507 are still pending assessment. From the 1,159 applications for limited licences received by ASIC, 366 limited AFSLs have now been granted, many of which are draft licences, ASIC commissioner Greg Tanzer told the CPA National SMSF Conference last week.