TPB

Financial planning

FASEA board accused of shunning industry

Questions are being asked about why the board of the Financial Adviser Standards and Ethics Authority has avoided direct engagement with key industry groups for more than...

Policy & Regulation

Tax agent loses Federal Court battle to TPB

Former tax agent Rudy Frugtniet has failed in his six year battle against the Tax Practitioners Board to overturn the termination of his registration....

Financial planning

TPB urges removal of professional associations pathway

The Tax Practitioner’s Board is offering grandfathered arrangements to cover tax financial advisers and others if it succeeds in convincing the Government to allow the re...

Financial planning

Accountant advice is no better than that of advisers says ASIC

The Australian Securities and Investments Commission says there is no evidence that accountants or tax financial advisers provide any better advice than ordinary financia...

Financial planning

Accounting bodies unite on advice

The major accounting groups have united to mount a campaign aimed at clearing the way for the more effective delivery of advice by simplifying the multiple regulatory reg...

Financial planning

Number of tax agent terminations increase by 208%

A dramatic spike in compliance action from tax agents has followed changes to the composition to the Tax Practitioners Board....

Financial planning

TPB targets high risk practitioners

The Tax Practitioners Board has announced it will target 2,000 tax practitioners who were identified as being of the highest risk....

Financial planning

AFA recommends limited adviser role for TPB

The Association of Financial Advisers has recommended a limited advisory role for the Tax Practitioners Board in the advice space while, at the same time, pointing to maj...

Financial planning

End TPB/FASEA duplication says FSC

There is an urgent need to end the regulatory overlap between the Tax Practitioners Board and the Financial Adviser Standards and Ethics Authority, according to the Finan...

Financial planning

SMSF advice beyond scope of TPB review

Providing advice with respect to Self-Managed Superannuation Funds is complex and something deserving deeper analysis than the current review of the Tax Practitioners Boa...

Financial planning

Do advisers face being squeezed out of super?

Will changes to default superannuation arrangements combine with changes to income streams serve to squeeze many advisers out of the superannuation market?...

Policy & Regulation

Tax practitioners may face EUs and permanent bannings

Tax practitioners may find themselves facing a similar array of sanctions to that confronting financial planners including enforceable undertakings and permanent bannings...

Financial planning

Let us give ‘incidental advice’ say accountants

Major accounting body, Chartered Accountants ANZ has argued for accountants to be given the right to give ‘incidental advice’ under a carve-out from the financial advice ...

Policy & Regulation

Heard about bad planners, what about tax practitioners?

The Tax Practitioners Board has revealed it is investigating the activities of 350 practitioners over suspected “high risk behaviour”....

Policy & Regulation

TPB should not shelter tax agents from scrutiny

The SMSF Association has backed giving the Tax Practitioners Board more disciplinary powers, arguing tax practitioners should not be sheltered from change or greater scru...