The passing of new standards for the advice industry is great news for financial planners. It also means the new standards body can set up and commence its many tasks. Ben Marshan writes.
Ben MarshanFebruary 10, 2017
The first week of parliamentary sessions in 2017 has delivered two crucial pieces of legislation for the financial advice industry, after long gestation periods. James Dunn writes.
James DunnFebruary 9, 2017
Financial planners will eventually need to register as tax agents after three taxation bills passed through the Senate on Friday afternoon, despite opposition outrage. While financial advisers have a further 12-month exemption, they face the vagaries of a second regulator and education requirements that are yet to be determined. Senator Mathias Cormann was left fuming. […]
Andrew StarkeJuly 1, 2013
The Association of Financial Advisers (AFA) says it is deeply concerned over the proposed extension of the Tax Agent Services Act (TASA) to cover financial advisers. The association believes this legislation, as part of the Tax Laws Amendment (2013 Measures No. 2) Bill 2013 package currently before parliament, has been brought forward without due process […]
Andrew StarkeJune 4, 2013
The financial advice industry has welcomed enshrinement of the terms “financial planner” and “financial adviser” after the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013 passed through the House of Representatives last night. The bill must still be approved by the Senate but this now seems inevitable given the coalition’s decision not to oppose […]
Andrew StarkeMay 29, 2013
More ethical than car salesmen but a whole lot dodgier than dentists, financial planners are having little success in changing their public image, according to Roy Morgan research. The Roy Morgan Image of Professions Survey 2013 again found that nurses are most highly regarded, closely followed by doctors and pharmacists, with planners languishing in mid-table. […]
Andrew StarkeMay 6, 2013
The superannuation changes proposed by Treasurer Wayne Swan and the Minister for Financial Services and Superannuation Bill Shorten have a range of implications for both investors and their financial advisers. From July 1, 2014 future earnings on assets supporting income streams will be tax free up to $100,000 a year. Earnings above $100,000 will be […]
Andrew StarkeApril 8, 2013