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

SMEs draw a blank on defining ‘fintech’

The workings and services of fintech start-ups are an anomaly to the majority of small and medium-sized enterprises (SMEs), 89 per cent of which have ...more

Unpaid super adds $100m in Age Pension costs

Employers who dodge compulsory superannuation requirements are robbing workers of their retirement savings but also adding to the fiscal cost of the A...more

Targeting recovering stocks to hit the jackpot

SMA Portfolio AwardWinnerDNR Capital Australian Equities High Conviction PortfolioFinalistsAntares Dividend Builder Model PortfolioQuest Australian Eq...more

Author

Comments

Add new comment