I now several accounting firms jumping on this because they never get audited by anyone. If you're an adviser Just tell em to sell the JetSki....or sell the 2019 SUV. Maybe the best advice some people might get is an important life lesson. Far Too Risky to provide this advice. 6 years to make a complaint, FASEA, and the author of this article forgot to mention that ASIC will be monitoring and reviewing the advice provided by authorised reps. So that's a box ticking exercise and one, just one little box not ticked and your $%%^#%^..... Not to mention the licensee. So that means, under the current regime, a spelling mistake will result in you going directly to jail. Not worth it. Leave it to the Accountants, they never get audited.
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