The Financial Advice Association of Australia (FAAA) expressed concerns about Treasury s proposal to abolish fee consent forms and Fee Disclosure Statements (FDS) in its response to the first round of reforms.
The ATO has clarified the rules around deductibility of financial advice fees. The ATO has released a new draft determination (TD 2023/D4), clarifying the rules around deductibility of financial advi
Licensees have until the end of the month to confirm whether financial advisers are able to provide tax (financial) advice on the Financial Adviser Register. The details will be included in the publicly available information on the MoneySmart website.