Praemium completes largest release of share tax reports to investors
Praemium has completed its largest deployment of share tax reports to hundreds of thousands of investors using its new online tax service developed for online broker E*Trade. The new service was developed for E*Trade customers in July.
Group chief executive of Praemium, Arthur Naoumidis, said the project was the largest deployment of investment tax reports in Australian history and a significant achievement on behalf of Praemium and E*Trade.
Managing director Stuart Sayers said E*Trade was committed to raising the bar with innovative new services.
The service offers a free, integrated online share trading tax report service, eliminating the need for investors to collate contract notes, dividend statements and equity related documents.
An additional service offering tools for proactive traders will be available later in the year.
Recommended for you
Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.
The Federal Court has found a company director guilty of operating unregistered managed investment schemes and carrying on a financial services business without holding an AFSL.
The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.
Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on staff.
