From financialnewswire.com.au: Accountants aim to obtain the right to deliver strategic and structural superannuation advice that relates to their clients’ tax affairs, without competing with licensed financial advisers on product and investment advice.

The Institute of Financial Professionals Australia argues that accountants possess the necessary expertise and should be exempt from certain regulatory requirements that are currently imposed on financial advisers.

Additionally, the IFPA supports enabling financial advisers to have secure, read-only access to the Australian Taxation Office tax portal.

Filed under: Professional Practice

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