I am a recognised/qualified accountant, when must I be PS146 (RG146) qualified?
Any person who provides financial product advice to retail clients must meet the PS146 (RG146) training standards As an qualified accountant financial advice should only be given on these subject areas if you are PS146 (RG146) qualified and hold a proper authority from a Australian Financial Services Licensee: 1. Financial Advice in relation to assets or investment strategy of a client’s SMSF, this advice includes whether the trustee should acquire or dispose of certain financial products or classes of financial product. 2. Financial Advice in relation to transfer of financial interests in another type of superannuation fund (such as an employer fund or public offer fund), or any other type of financial product, even if the recommendation is for the client to dispose of that product in order to establish or join a SMSF (an example includes, by rolling over funds from the other superannuation fund to the SMSF). 3. Financial Advice in relation to a change in investment strategies or cont
