Not sure how many people with SMSFs are aware of the following:
"Accountants have traditionally opened SMSFs and assisted their clients under an ASIC licensing exemption. This exemption is being removed effective Ju ly 1 2016 and accountants will need to either move into an AFSL structure or cease and desist their involvement with SMSFs potentially affect half or almost 500,000 people with SMSFs. "
So, if you're using an individual accountant, probably a good idea to check that they will be appropriately licensed as from the above date.
