“A few years down the track, when those dealer groups aren’t making any money and are burdened because they’re running a dealer group at a cost, the will may turn around into more of a sales approach,” she said.

Ms Penn said that given that dealer groups often struggle to make money from licensing fees alone, it is difficult to see the longevity of a dealer group business model that does not make money through other means.

“If I ran a big institution and was looking around at all the things that were costing money and that had risk, I would look at a licence that wasn’t actually delivering a decent level of income to the business or cross-sell and think, 'what am I doing with that?'” she said.

“There’s nothing evil or nefarious about that; it’s just business.”

Despite this, Ms Penn said that if accountants do find themselves under a licence that is a bad business fit, this does not necessarily mean they are forever stuck with that particular licence.

“Changing licensees isn’t the biggest deal in the world and I think that’s an important thing for accountants to remember, whether they choose to license themselves, [choose] not to become licensed, or obtain a licence through a large institution or smaller group,” she said.

“It’s not a quick process and there’s a bit of pain involved, but I think the level of scrutiny of licensing at the moment is making people feel if they don’t get it perfect now the world will end, when it’s really not the case.”