SPAA seeks authorisation for Public Practice Certificate
The SMSF Professionals' Association of Australia (SPAA) has pointed accountants towards its Public Practice Certificate as at least a part of finding an answer to the new limited licensing arrangements replacing the accountants' exemption.
The organisation has submitted the Certificate for approval for use by accountants in the transitionary arrangements.
In an explanatory note issued last week, SPAA said it had developed a Public Practice Certificate which might assist in streamlining the transition being made by accountants.
It said it would be offering a one-day workshop to help affected accountants explore the licensing options available to them.
The SPAA explanatory note made clear that the changes flowing from replacing the accountants' exemption would affect accountants who might not provide financial advice to clients but provided advice regarding the setting up or closing down of an SMSF.
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