subscribe to our newsletter
‘Significant increase’ in licensing applications predicted

‘Significant increase’ in licensing applications predicted

Miranda Brownlee
19 October 2015

Chartered Accountants Australia and New Zealand (CAANZ) says while the current levels of licensing applications are “becoming worrisome”, it expects a surge in application numbers early next year.

CAANZ superannuation leader Liz Westover said a lot of its members are currently undertaking the training at the moment and are unable to apply for the licence until it’s completed which can take time.

“Even for someone who has made all the decisions and commenced their training six months ago, we would not have expected them to have applied for their licence yet,” said Ms Westover.

“So come next year we are expecting to see a significant increase in the number of applications for licensing.”

Ms Westover said there was “no doubt the numbers of accountants who have made decisions is increasing”.

She said that the accounting body is still seeing some people continue to struggle to get across all the information that’s been made available to them, however.

“We are aware of a lot of misinformation out there and confusing information and we are encouraging our members to come and read the resources that we have made available to them,” she said.

“Some of the confusion is around what they can and can’t do around licensing, we’ve seen some scaremongering going on, just to try and push people down one particular pathway instead of another.”

 

 

 

 

 

Read more:

RBA sounds alarm on SMSF borrowing

Aussies losing $2.75bn in super payments

‘Significant increase’ in licensing applications predicted
smsfadviser logo
  • 23
    Days
  • 07
    Hours
  • 54
    Minutes
  • 01
    Seconds

SMSF Summit is nearly here!
Have you got your ticket?

join the discussion

What do you plan to do in response to the new adviser education standards?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super