Time running out for unregistered planners

Financial planners and advisers who are not yet registered with the Tax Practitioners Board (TPB) that provide financial tax advice are running out of time and will not be able to take advantage of the transitional registration after the end of the financial year.

TPB chair, Ian Taylor, said all Australian financial services licensees, authorised representatives, corporate authorised representatives, and defined employee representatives could choose the option of a transitional registration, which would then allow extra time to satisfy requirements.

"To register under the transitional option you must have sufficient experience to be able to provide tax (financial) advice services to a competent standard — which is generally the equivalent of 18 months or longer of full-time experience," he said.

"If you wish to take advantage of the transitional registration option, it is only available until 30 June this year. After this time all registrations and renewals will need to meet the standard registration requirements."

Related Content

Designing for humans in wealth management

Wealth management firms must adapt their model, infrastructure, and workforce to ensure customer interaction is a low-friction, enjoyable experience, ...more

Aussies failing to educate themselves on financial literacy

Australians have high confidence but low knowledge when it comes to basic financial literacy, according to a survey.ME’s survey of 1,500 Australians...more

BlackRock launches two cash ETFs

BlackRock has listed two cash exchange trade funds (ETFs), the iShares Core Cash ETF (BILL) and the iShares Enhanced Cash ETF (ISEC), which will offer...more



Add new comment