What if Peter does not consult Paul?
Peter may decide that he does not wish to see Paul about retirement planning. He may make his own decision to establish a SMSF. If Peter has decided himself to establish a SMSF he can still ask Mary to set up the SMSF and provide accounting and taxation advice in relation to the establishment and operation of the SMSF. Mary does not need an AFS licence to provide these services if she makes no recommendations about what investment strategies the SMSF should adopt. Even if Peter has not made his own decision to establish a SMSF, as Mary is a recognised accountant for the purposes of reg 7.1.29A, she can give Peter a recommendation to set up a SMSF provided that she gives him the required written warning. However, this recommendation may not include a recommendation that Peter dispose of another superannuation product in order to set up the SMSF (ie. rollover another superannuation interest into the SMSF) or change contribution levels in relation to another superannuation fund unless she
