A number of self-licensed practitioners are viewing the reduction in adviser numbers across the industry as a business growth opportunity.

The SMSF Association has welcomed the ASIC levy relief, saying it will give advisers much-needed certainty and breathing space.

Major industry bodies have welcomed the government’s announcement of a temporary reduction in the ASIC adviser levy after concerns regarding unsustainable cost increases.

SMSF advisers believe revenue will grow from advising the sector, despite historical data showing there has been little change over the past seven years.