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New legislation that empowers the tax office to hand out reformist penalties to SMSF trustees who inadvertently break the law has been praised by SPAA....
INDUSTRY NEWS
The proposed scrapping of FOFA’s conflicted remuneration ban could give planners the green light to offer general advice - but they should still approach with caution, a ...
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The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....
INDUSTRY NEWS
Financial planners unlikely to face legal action on FOFA amendment-related advice, with courts recognising FOFA uncertainty....
INDUSTRY NEWS
ASIC has sidestepped claims that FOFA amendments were a negative step and its enforcement approach allowed advisers a free hand....
INDUSTRY NEWS
ASFA has differentiated itself from the other major super organisations by not buying into the FOFA debate beyond supporting the retention of intrafund advice. ...
INDUSTRY NEWS
The ATO has pointed to a $1 million penalty imposed by the Federal Court as a strong reason for agricultural MIS promoters to obey the rules. ...
INDUSTRY NEWS
The FPA has called for the Government to allow alternative methods of paying for advice, in order to increase access to financial planning services....
INDUSTRY NEWS
Taxpayers Australia forms new body aimed at accountants, lawyers and BAS agents....
INDUSTRY NEWS
Planners providing tax advice will have to adhere to the newly-released guidelines on managing conflicts of interest under TASA....
INDUSTRY NEWS
The Australian Taxation Office (ATO) has launched a new campaign to remind small businesses to pay their taxes....
INDUSTRY NEWS
Large number of planning practices ready to act on grandfathering amendments after preparing in advance....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...