From financialnewswire.com.au: The Joint Associations Working Group argues that the benefits of permitting financial advisers access to the ATO portal outweigh the associated costs, asserting that such access could prevent errors related to superannuation contributions.

The JAWG highlights that the ATO’s concerns about costs should be addressed through government funding to improve service standards and facilitate adviser access to vital tax and superannuation data.

Access to this information is deemed critical for providing compliant and appropriate financial advice, ultimately minimizing risks for consumers.