Send TASA to committee, says FPA
The Financial Planning Association (FPA) is calling for Tax Agent Services Act (TASA) amendments to be sent off to a committee and possibly deferred for another six to 12 months, following the tabling of the legislation in the House of Representatives this week.
The FPA's general manager, policy and conduct, Dante De Gori said the FPA believed a delay was necessary to the implementation of the TASA changes to allow further consultation and time for affected advisers to accommodate the changes.
The FPA had last week argued for a delay to the introduction of the legislation until after the September Federal election, but the Government had appeared determined to proceed before the Parliament rose for its winter recess.
The future of the amendments will now depend on the attitude of the Coalition and independents in the House of Representatives on whether the legislation should be sent off to the relevant Parliamentary committee for review.
AUTHOR
Mike Taylor
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