AccountantsIQ has launched a support service to assist accountants who have acquired a limited Australian financial services licence (AFSL) to adapt to the new regulatory environment they now find themselves in.

The federal opposition has promised to address the retrospective nature of the proposed changes to the superannuation system contained in the 2016 budget.

Advisers servicing SMSF clients currently need to consider specialising in a specific area of the sector rather than the sector as a whole, an industry expert has said.

Senior Liberal minister Christopher Pyne has conceded “there may well be some tinkering around the edges” of the federal government’s proposed superannuation measures.

Australia’s first robo SMSF establishment app Superstash has expanded its reach and is now available to Android users following a successful launch on iOS in May.

The composition of the Senate could potentially mean other proposed super measures will be back on the table and altered in order to offset the revenue loss due to any non-concessional contribution (NCC) cap exemptions, a technical expert has said.