SMSF licensing: an opportunity and threat
For accountants, 2016 has been a year of interesting challenges and exciting new opportunities. As we enter a period of significant change, there are a number of considerations for accountants to take into 2017. The most significant change in 2016 was to licensing rules for SMSF advice. Despite the rules around SMSF licensing changing on 1 July this year, only a small percentage of accountants have taken the necessary steps to become licensed.