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

China’s bank brands most valued

The combined brand value of China's banks has surpassed that of the US for the first time, according to a report.Valuation and strategy consultancy, B...more

Self-employed need better retirement strategy

The self-employed are not taking adequate steps to prepare for their future retirement, according to Aegon's global study.The Aegon Center for Longevi...more

Gap between expectation and reality in SMSFs

A significant gap remains between how much time it takes to manage a self-managed superannuation fund and how much time members believe it will take, ...more



Add new comment