{"id":795,"date":"2015-08-28T09:09:28","date_gmt":"2015-08-27T23:39:28","guid":{"rendered":"https:\/\/fwgs.net.au\/?p=795"},"modified":"2015-08-28T09:09:28","modified_gmt":"2015-08-27T23:39:28","slug":"asic-requirements-appointing-authorised-representatives-part-4","status":"publish","type":"post","link":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-4\/","title":{"rendered":"ASIC Requirements – Appointing Authorised Representatives (Part 4)"},"content":{"rendered":"

Compliance failures and breach reporting<\/strong><\/h3>\n

Fwgs has a clear process for reporting compliance breaches.<\/p>\n

Under s912D breaches must be reported to ASIC and a breach register maintained.<\/p>\n

Accountants ought to be alert but not alarmed concerning compliance failures. Fwgs will provide a template to fulfil the advertising obligations so a client has no confusion about who is providing the advice.<\/p>\n

Our portal ensures the FSG is provided when the appointment is made and this is handled automatically. At the initial interview the Needs Analysis, Risk Profile, Anti-Money laundering along with the file notes and third party authorities are all collated as one document produced from drop boxes inside the portal.<\/p>\n

This information transfers to the Statement of Advice which we have templated to suit an accountant who only advises on SMSF.<\/p>\n

It is our view that if your licensee does not have a clear simple automated process an accountant will inevitably breach their obligations.<\/p>\n

Should you wish to obtain further information about our solution for accountants once the accountant exemption expires or you wish to become an authorised representative please email info@wordpress-784484-2675404.cloudwaysapps.com<\/a>.<\/p>\n

This is the final article in this series.\u00a0 For other articles discussing the fwgs solution to the accounting exemption, please look at Recent News <\/a>on our website.<\/p>\n

If you\u00a0found this article interesting, why not<\/strong><\/p>\n