When the topic of limited licensing comes up, a frequent response from chartered accountants is: “I just want to do what I have always done.” Yes, this may be a valid and certainly feasible strategy to adopt, but here’s why I don’t think it’s a good one.

The ATO has been concerned for some time about the non-compliance of employers regarding their superannuation guarantee obligations. Many employers may not understand what those obligations are and the unfortunate reality for some is they may have been ill-advised.

Chartered Accountants Australia and New Zealand has been strongly urging its members to progress their decision-making around if and how they intend to operate under the new limited licensing framework.