
With accountants needing to be licensed by 30 June 2016, it might be tempting to think becoming an authorised representative of another licensee is a quick, easy and cheap solution.
While this may suit some accountants, it can be fraught with traps for the unwary – especially if you’re pursuing a full advice model.
Here are some important issues to consider:
Whether you want to provide limited advice, or a full service advice, make sure you find a licensee who is a good fit before committing to a relationship.
But do decide soon – because preparation for licensing takes longer than the application itself. Rushing it, or applying before you’re fully prepared increases the risk of a poor-quality application and rejection by ASIC.
Click here for all the resources you need to help you decide which licence you require and apply for your Limited AFS licence.
If you have any concerns about any of these issues, please contact us.
Author: Jaime Lumsden
Related Blogs: Accountant’s Licensing – A Guide to Help You Choose, Limited Licence: Apply Early
December 2015
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