Call for SMSF trustee training to be tax deductible
The Self Managed Super Funds Professionals’ Association (SPAA) has released its self-managed super fund (SMSF) governance submission in response to requests from the Minister for Superannuation and Corporate Regulation, Senator Nick Sherry.
SPAA chief executive officer Andrea Slattery said the submission focused on three areas: education levels of industry professionals, superannuation law and aggressive marketing of financial products to SMSF trustees.
“SPAA believes the Government should continue to support industry self-regulation with an aim of developing professionalism and the quality of advice.”
Slattery said SPAA did not support the introduction of mandated training standards for trustees but considered it pivotal for financial advisers.
“Any training undertaken by trustees of SMSFs to improve knowledge of superannuation laws should be tax deductible to either the fund or the individual undertaking the training.”
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