When the Quality of Advice Review consultation paper was handed down recently, there was one notable omission amid the myriad reform proposals – the role of accountants in the future advice regime appears to have been overlooked.

This was surprising, and – for the many self-managed super fund trustees who consider their accountants a trusted adviser – disappointing. The surprise arose from the fact that this issue has been on the table for several years at the prompting of two significant inquiries.