My Perspective on Limited AFS Licences

I provided my thoughts to AccountantsDaily on the limited licensing provisions that the Federal Government introduced as part of the FOFA review.

Imagine being an accountant and having to be licensed simply to recommend to a client that managing their own super fund would be beneficial? And then having to be RG 146 compliant just to tell them to open a bank account and ensure that they are adequately insured (life and general). That one sentence covers THREE financial products which an accountant has to qualified for to be able to say!!