CPA Australia


CPA Australia’s new financial planning venture exposes a tangled ethical web

The controversial announcement by accounting body CPA Australia that it is establishing an independent (section 923A-compliant) financial planning business is both commendable and curious. It’s commendable because the initiative publicly demonstrates CPA Australia’s strong support for adoption of the highest ethical standards by members offering financial planning services, as originally proposed by the Accounting Professional […]

Why CPA Australia wants to change the future of financial planning

Over the past decade we have witnessed too many Australian consumers suffer as a result of poor financial advice; and in more recent times we have seen too many media reports about the failings of large financial planning institutions. CPA Australia’s commentaries and actions on these key issues of public policy have always been underpinned […]

Memberships with benefits: Banking on the financial planning profession

At the end of January this year, BOQ Specialist, which provides targeted banking solutions to niche professional markets, announced it had formed a partnership with the Association of Financial Advisers (AFA) to become the preferred financial services provider to AFA members. BOQ Specialist is a division of Bank of Queensland. AFA Practitioner members have access […]

CBA managers, paraplanners subject to new FinWiz and Count education standards

Commonwealth Bank yesterday announced financial adviser education standards across its Count Financial and Financial Wisdom authorised representatives, according to the bank’s head of wealth management. These will also be applied across the division’s non-planner staff, including managers, paraplanners and support staff, says Marianne Perkovic, executive general manager, Wealth Management Advice. According to Perkovic, this is […]

TASA deferred, clock ticks on PJC

Financial advisers have won a temporary reprieve from needing to comply with the Tax Agent Services Act (TASA) regime, but this respite from additional red tape may be short-lived. Yesterday (June 6) the Tax Laws Amendment (2013 Measures No. 2) Bill 2013 was referred to the Parliamentary Joint Committee (PJC) for Corporations and Financial Services […]