Former FPA chair on tax board


Former Financial Planning Association (FPA) chair, Julie Berry, has been appointed to the Tax Practitioners Board, Assistant Treasurer, Kelly O'Dwyer announced.
Berry will begin her role in January 2016, and will remain in the role for an 18-month period.
The FPA welcomed the appointment, with FPA chief executive, Mark Rantall, saying it had long pushed for the need to have tax (financial) adviser representation on the TPB.
"Julie's appointment will ensure that there is now a voice for financial planners, who make up the second largest group of registered individuals on the TPB," he said.
The TPB regulates the provision of tax agent services across Australia, and administers the registration of tax (financial) advisers, and the registration of tax agents.
It also imposes sanctions on those who breach the Tax Agent Services Act 2009 Code of Professional Conduct.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.