Nov 28, 2017 | Our articles, Resources
Click here to watch our brand new video on how to order a Statement of Advice from A.S.A.P. We’ve just been granted a patent for this ground breaking technology. Our online advice scoping tool makes it safe for unlicensed accountants to refer their clients to...Nov 13, 2017 | Industry news
A fourth alternative to licensing has recently been noted by specialist compliance consultant, Jeremy Danon. It has become apparent that some accountants have taken the view that they do not fall within the licensing regime as they are not carrying on a financial...Nov 1, 2017 | Industry news
Consistent with its surveillance work since the phase-out of the accountants’ exemption last year, the corporate regulator will be targeting those accountants who are new to the AFSL regime. Enforcement activity will be mostly concentrated on accountants providing...Oct 30, 2017 | Industry news
Further accounting firms have been questioned by ASIC about their services in the past month as the regulator continues to ramp up its surveillance activities into unlicensed advice, warns an advice group. This latest action undertaken by ASIC follows...Oct 17, 2017 | Industry news, Our articles
ASAP chief executive Jim Hennington said he expects the scope of advice that’s provided by automated advice providers to SMSFs will expand over the next year. “Over time digital advice could extend into what I call retirement adequacy advice, answering questions such...Oct 3, 2017 | Industry news
Unlicensed accountants utilising the SMSF ‘execution only’ exemption may run afoul of ASIC and ruin their ‘trusted adviser’ relationship with clients if they do not recommend they receive advice first, warns an industry lawyer. Ms Lumsden Kelly believes...Sep 23, 2017 | Industry news, Our articles
In 2012 in response to the growth in SMSFs, ASIC established the SMSF Taskforce. The Taskforce continues to meet regularly to examine high-risk and emerging SMSF issues such as property spruiking to SMSFs, unlicensed conduct and false and misleading advertising of...Sep 21, 2017 | Industry news
Industry lawyer, Jamie Lumsden Kelly has warned unlicensed accounting firms that justifying the provision of services without a licence on the basis that it was ‘execution only’ is a risky move that could land them in trouble. There are a number of accounting firms,...Sep 5, 2017 | Industry news
PI Insurers are worried accountants aren’t properly aware of their PI policies when it comes to ASIC licensing. A.S.A.P. provides a safe, cost-effective referral solution for accountants. The following article was published on the SMSF Adviser website on 5...Aug 28, 2017 | Industry news
A Tasmanian actuarial firm working with SMSF accountants all over Australia is in the running to take out one of Australia’s most coveted SMSF awards. A.S.A.P. Advice has been shortlisted as a finalist in the Customer Service Firm of the Year category at the 2017 SMSF...