CPA Australia

Financial planning

Government urged to address shrinking advice profession

With millions of Australians rushing towards retirement, CPA Australia said urgent action is needed to bolster the financial advice profession before it becomes an “irrev...

Financial planning

Budget 2022: The bottom line for advisers

The lack of major changes for financial planners are a “reasonably positive” development, according to the Financial Planning Association of Australia, while technology m...

Financial planning

Are there enough advisers to fund CSLR?

The dwindling number of financial advisers indicates the Government needs to consider whether they will be able to fund the compensation scheme of last resort....

Financial planning

Global accounting profession unites to target zero net emissions

CPA Australia and Chartered Accountants Australia and New Zealand (CA ANZ), have joined 10 global and national accounting bodies to commit to net zero greenhouse gas emis...

Financial planning

Does Treasury have the skills to maintain FASEA?

There needs to be careful consideration on whether Treasury has the skill set and expertise to perform the Financial Adviser Standards and Ethics Authority functions and ...

Superannuation

SMSFs trustees placed at risk by Govt legislation

The Government’s controversial Your Future, Your Super and it best financial interests duty has placed SMSF trustees at risk, according to the major accounting groups....

Financial planning

Planning and accounting groups unite against ASIC levy rise

Five planning and accounting groups have united to press the Government to override the Australian Securities and Investments Commission on its proposed levy increases ci...

Policy & Regulation

Accountants back industry funds on early release recontributions

CPA Australia has not only backed industry funds on urging the Government to use the Budget to allow early release superannuation top-ups but has also backed funding a th...

Financial planning

FASEA not the final battle

Although the removal of the Financial Adviser Standards and Ethics Authority is a huge victory for many in the industry who spent the last few years fighting for reform, ...

Financial planning

Professional advice needs to be client centric

Financial advice misconduct has often been met with overlapping and conflicting requirements creating a reactionary regulatory framework and this is the camel that people...

Financial planning

Access to advice a boost to the economy

Greater access to advice could deliver half a trillion dollars to the Australian economy, while reducing Age Pension spend and increasing incomes, according to research f...

Superannuation

Govt’s RIR welcomed but opposing views on key issues

The Government’s Retirement Income Review has been welcomed but the industry has differing views on the superannuation guarantee increase and accessing home equity to fun...

Financial planning

Reg costs passed down to accounting clients

An advice regulatory framework is needed to encourage advisers to provide affordable advice, as some professional accountants who provide advice have passed costs to clie...

Superannuation

SMSF Association defends increasing size of SMSFs

Faced by the misgivings of at least one major accounting group, the SMSF Association has sought to reinforce the benefits of increasing the size of self-managed superannu...

Superannuation

Will larger SMSFs lead to more family disputes?

Major accountancy group, CPA Australia has warned that increasing the size of self-managed superannuation funds may give rise to governance issues including more family d...