FAAA: reminds ATO on general advice payment rules

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Ed.

From financialnewswire.com.au: The Financial Advice Association of Australia (FAAA) has reminded the Australian Taxation Office (ATO) that superannuation funds cannot directly charge members for general advice.

While the FAAA supports the ATO’s draft guidance regarding fees for financial advice paid from member accounts, it highlights that fees for general advice should only be indirectly included as part of membership fees.

Filed under: Superannuation

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