Tribunal upholds ASIC’s refusal of limited AFSL

The Administrative Appeals Tribunal has affirmed ASIC’s decision not to grant a limited AFSL to an accountant for the purposes of providing SMSF advice.

In October 2017, ASIC refused to grant the applicant, Michael David Watson, a limited AFSL on the basis that he did not provide all the relevant information it needed to appropriately assess and grant a licence.

Read more at the SMSF Adviser.

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