Limited AFS Licence Application Catch 22

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Accountants Still Encouraged to Apply for Limited AFS Licences Despite Delays

Limited Australian Financial Services Licence (limited AFSL) applicants are likely to face continued licensing delays. That is the message delivered in the Australian Securities and Investment Commission’s (ASIC) latest licensing report; Report 503 Overview of licensing and professional registration applications: Jan to Jun 2016 (Report 503).

The delay will not only be frustrating for accountants looking to be licensed, but will also be a disappointment for their clients who wish to continue working with their accountants to develop their ongoing financial plans.

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