AFA given TPB accreditation
The Association of Financial Advisers (AFA) has been accredited with the Tax Practitioners Board (TPB), allowing eligible members a new avenue to seek registration with the TPB.
As a registered tax (financial) adviser association (RTFAA), the association can offer a new pathway for financial advisers wanting to registration with the TPB, as per their requirements the Tax Agent Services Act (TASA).
“Now, AFA members that meet the experience requirements of the TPB, being six years’ experience out of the last eifht years at the time of re-registration, will not have to undertake new courses in Australian Taxation Law and Commercial Law,” AFA chief executive Brad Fox said.
"This is an appropriate recognition of their experience and capabilities."
"The TPB registration will allow most of our members to capitalise on their existing experience and maximise their time spent providing advice."
The TPB confirmed financial advisers looking to register with the TPB would have to satisfy registration eligibility requirements with the TPB directly and applications would be assessed on a case-by-case basis.
AUTHOR
Staff Writer
Recommended for you
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.
A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.
The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advisers understand their obligations, alongside the Quality of Advice Review.
