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Accountants who have not already started the training they need to complete before they can apply for a limited Australian financial services licence (AFSL) now stand little chance of meeting a June 30 deadline to be licensed to continue providing advice on self-managed superannuation funds (SMSFs).

The Australian Securities and Investments Commission (ASIC) has set a soft deadline of March 1 for applications for limited AFSLs, to ensure applicants meet the June 30 deadline. READ More: