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."
Recommended for you
TAL has introduced four new courses to its Risk Academy focused on ethical dilemmas as part of Ethics Month to help advisers meet their CPD requirements.
Unadvised Australians believe they need $2 million to retire comfortably, according to Colonial First State, a wide variance compared to advised individuals which estimate $1.3 million.
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution channels.
The heads of two financial advice licensees have joined the board of the Financial Services Council as it looks to deepen its engagement with the space and strengthen its representation.
