Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

International agreement set to boost accountants' prospects

The updated Singapore-Australia Free Trade Agreement has been welcomed by a major accounting body, with the agreement expected to increase opportunities for the accounting sector.

News Jack Derwin 14 October 2016
— 1 minute read

Chartered Accountants Australia and New Zealand chief executive Lee White said this agreement with Australia’s fifth-largest trading partner will bring new benefits across a number of industries.


“In particular, we applaud the establishment of a framework to support mutual recognition of professional qualifications, including accounting, [which] will open doors to numerous professional opportunities,” Mr White said.

“Our profession is a global profession; mutual recognition will ensure that professional accountants can take advantage of even greater mobility of their qualification,” he added.

Singaporean Prime Minister Lee Hsien Loong is currently visiting in Australia to discuss defence and trade deals, anticipated to give a number of professions easier access to the Singapore market.

“To recognise the strengthening relationship between the two countries, this Free Trade Agreement will also support greater trade and investment opportunities for individuals and businesses, most importantly allowing freer movement for businesspeople between our countries,” Mr Lee said.

Under the updated deal there will be greater opportunities for professional and financial services, as well as foreign investment, Mr White said.

“The FTA, which will be updated with this visit, will help drive closer economic ties with Singapore; overall it will make it easier for Singapore to invest in Australia,” he said.

International agreement set to boost accountants' prospects
image intro
accountantsdaily logo


Are you thinking of expanding your offering into SMSFs to grow your client base? Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Earn up to 21 CPD hours! Learn more