TPB

Policy & Regulation

Former PwC partner de-registered after confidential law disclosure

A former tax partner at PricewaterhouseCoopers has been de-registered as a tax agent for integrity breaches after disclosing details of confidential law reforms....

Financial planning

Single disciplinary body welcomed

The introduction of the single disciplinary body as part of the Better Advice Bill will lift standards as it will be individual advisers who have to register themselves a...

Financial planning

Advisers worried about the cost of the single disciplinary body

The Federal Government faces strong lobbying from financial planning organisations to ensure that the new single disciplinary body does not become yet another impost on a...

Financial planning

FPA challenges TPB to properly define 'tax financial advice'

The Financial Planning Association has challenged the Tax Practitioners Board to explain why tax financial advisers should be required to do anything beyond meet the requ...

Financial planning

TPB offers advisers flexibility on 120 hours CPE requirement

Tax financial advisers will be allowed some flexibility about how they meet the three-year 120 hours continuing professional education requirements under the new Tax Prac...

Policy & Regulation

TPB welcomes Govt reforms

The Government has announced it will implement a range of reforms, including greater independence of the Tax Practitioners Board from the Australian Tax Office and a redu...

Financial planning

FPA wants single point of registration for financial tax advisers

The Financial Planning Association is pointing to the proposed Single Disciplinary Body as the answer for delivering greater regulatory simplicity for financial tax advis...

Policy & Regulation

BAS agents authorised to offer expanded SGC services

A new legislative instrument registered by the Tax Practitioners Board will allow BAS agents to provide an expanded range of services in relation to the superannuation gu...

Financial planning

FPA points to unreasonable cost of advice changes

With the average cost of a statement of advice having risen to around $2,700 the Financial Planning Association says it’s time to peel back the layers of regulation imped...

Policy & Regulation

Filing 100 dodgy income tax returns earns TPB termination

The Tax Practitioners Board has terminated the registration of a tax practitioner who filed 100 tax returns without checking the identity of the clients....

Financial planning

TPB extends CPE and renewal concessions

COVID-19 challenges have seen the Tax Practitioners Board extend key concessions granted earlier this year to tax practitioners....

Financial planning

Sydney tax agent sentenced over false tax claims

Hussain Nazeer submitted false claims which resulted in almost $180,000 that he kept himself....

Financial planning

Roll FASEA functions into disciplinary body says FPA

The Financial Planning Association has used an updated pre-Budget submission to urge the Government to roll functions of the Financial Adviser Standards and Ethics Author...

Financial planning

Are advisers facing an eighth layer of regulation and cost?

The Financial Planning Association has warned the Australian Competition and Consumer Commission against imposing another layer of regulation and cost on financial advise...

Financial planning

TPB receives adviser formal request on ABN establishment

Tax Financial Advisers should be permitted to apply for Australian Business Numbers on behalf of clients and the Tax Practitioners Board has been asked to facilitate the ...