From www.smsfadviser.com: Luke Howarth, the shadow assistant treasurer, expressed openness to allowing accountants to provide financial advice and emphasized a potential reduction in regulations for the accounting profession if elected.

He supports the SMSF Association’s suggestion that accountants could help fill the financial advice gap and criticized the Labor government’s current approach as inadequate.

Howarth also advocated for increased collaboration between financial advisers and accountants, highlighting the qualifications of accountants in tax law and financial matters.