TPB lighten CPE load in face of COVID-19
The Tax Practitioners Board (TPB) has moved to lighten the load for tax (financial) advisers with changes to its continuing professional education (CPE) arrangement, particularly the temporary lifting of the professional reading cap.
The TPB has announced it has temporarily revised its CPE requirements as a result of COVID-19 with a six-month adjustment.
“Currently, our policy sets a 25% cap for relevant technical or professional reading,” it said. “We’re removing this cap for the next six months.”
“It’s important to note that while the 25% professional reading cap has been temporarily lifted, we expect you to first and foremost explore online CPE offerings. All other elements of our CPE requirements remain unchanged,” it said.
Recommended for you
As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.
Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit.
ASIC has cancelled the Australian financial services licence of a Sydney advice firm with the business having lost more than 30 advisers since the start of 2024, according to Wealth Data.