Publications

Sophisticated and Wholesale Investors – Accountant's Certificates and AFS Licensee's Statements

There are fundamental differences in the obligations of service providers to retail and wholesale clients.  However, there are many common misunderstandings of the relevant provisions involved in identifying and classifying investors as retail, wholesale or sophisticated.  Accountants are regularly asked to provide sophisticated or wholesale investor certificates, however there is little guidance available in what can be a difficult area.  Australian financial services licensees (“AFSLs”) may also be asked to provide a statement that the investor has sufficient experience to be classified as wholesale or sophisticated.

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Considering purchasing a business or client book?

When purchasing a business or client book, give yourself the best chance with an exclusive negotiation agreement. 

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Licensee Health Check

6 simple questions to check that your representative agreements are up-to-date. 

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Accountant Licence Website

A website to allow accountants to obtain new limited licences for free. 

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Restraints of Trade

Restraints of trade are an important protection for employers. 

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Registering as a tax (financial) adviser

Providing tax (financial) advice services? You will need to register with the Tax Practitioners Board as a tax (financial) adviser. 

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ATO Guidelines

ATO guidelines on professional service firm's allocation of profits.  Important for financial planning and credit businesses. 

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