TPB transitional registration option set to close
Advisers have three weeks left to register under the transitional option before the end of financial year if they want their deadline for full standard requirements compliance extended until 2020, according to the Tax Practitioners Board (TPB).
TPB chairman, Ian Taylor said several benefits were still available under the transitional registration, and that those who registered as a tax adviser with a standard registration, or after 30 June would miss the opportunity for less documentation.
Taylor said advisers could also benefit from the longer time period allowed to fulfil education and supplementary qualification requirements, and would have three years to meet full requirement standards.
“In the past month we have seen a significant increase in the number of tax (financial) adviser applications received by the TPB with over half of those being for transitional registration,” he said.
“We are pleased that so many financial advisers have taken advantage of the opportunity to register under the transitional option while it is still available.”
AUTHOR
Hope William-Smith
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
