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

APRA contemplates applying BEAR elsewhere

The Australian Prudential Regulation Authority (APRA) has again flagged the possibility of the regulator seeking to extend the Bank Executive Accounta...more

Australian Unity appoints new retail distribution role

Former Australian Ethical Investment head of business development, Adam Kirk is taking on the newly-created position of national manager, retail distr...more

ASIC wants common insurance language

The Australian Securities and Investments Commission (ASIC) has made clear it believes it needs more powers to deal with the insurance sector in circu...more

Author

Comments

Add new comment