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Warning to accountants on unlicensed financial advice

Posted on February 17th, 2015 by Sophie Gerber in AFSLs

http://www.accountantsdaily.com.au/breaking-news/7992-lawyer-warns-accountants-on-unlicensed-adviceIn an article on the Accountants Daily website, financial services law firm Sophie Grace has expressed concern that the new licensing regime may tempt accountants to step outside the boundaries of their legal authorisation, warning it is “very difficult” to remain within the scope of a limited AFSL.

A similar article was also published on SMSF Adviser – Limited AFSL to increase risk of unlicensed SMSF advice.