Perhaps. But maybe the regulators should just do their jobs more efficiently. The TPB is wasting its resources by acting as an unnecessary fifth layer of regulation for already over regulated financial advisers.
The TPB needs to be stripped of all responsibility for financial adviser regulation and refocused on properly regulating tax agents.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional