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The current advice framework creates significant issues for unlicensed accountants looking to provide advice on the proposed $3 million threshold, warns CA ANZ.
$3m threshold to spur new challenges around licensed advice
02 June 2023
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4 minute read
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With the government looking to introduce legislation for the experienced pathway for advisers soon, Mr Negline discusses CA ANZ’s views on the measure and concerns about the absence of a sunset clause.
He also highlights the need for further reform to create a fairer regulatory environment for accountants and why the Quality of Advice Review didn’t go far enough.
He also explains why the $3 million threshold will create new difficulties for unlicensed accountants due to the way the existing framework operates and why it needs to change.
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