New laws for accountants in place

Ross Greenwood speaks to Hugh Elvy the Head of Financial Advice at Chartered Accountants Aus & NZ about whether accountants are breaking the law giving financial advice to SMFS’s after July.

From July 1, there has been a change introduced which restricts accountants who aren’t properly licensed from recommending the set up of self managed super funds.

‘They can still provide a lot of advice around self managed super funds,’ Mr Elvy said.

Click PLAY to hear the interview with Hugh Elvy