The SMSF Professionals’ Association of Australia (SPAA) has announced it will make available a Public Practice Certificate (PPC) to its SMSF Specialist Advisors and Auditors who are accountants. SPAA CEO Andrea Slattery said the PPC will be open to members holding a SSA and/or a SSAud designation, as well as meeting certain requirements such as having professional indemnity cover and adhering to SPAA’s Code of Conduct.
The new arrangements are subject to the SPAA PPC being accepted by the Government for the purposes of the new limited licence regime. Superannuation Minister Bill Shorten has stated that organisations such as SPAA will be able to apply for the right to participate in this licensing regime.
Source: SPAA media release, 13 December 2012
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