An article on investordaily.com.au recently provided some safety advice to financial advisors, accountants and other professionals dealing with pension funds self (SMSF) on behalf of their clients. Specifically, the warning against those using or considering using one of the act "service change" available online.
The problem is that since the consultant is actually preparing the documentation that he or she becomes responsible. And it can easily be construed as legal work. Without a certificate of legal practitioner, it may be a violation of federal law of Australia and would almost certainly not be covered by their existing professional liability insurance.
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