With advisers opting to leave large licensees and set up on their own business, the ATO has launched a new online learning platform to help small business owners meet their superannuation and tax obligations.
There may be a trend for advisers opting to set up their own licence, but those contemplating the change have been warned it is not necessarily the right path for every adviser.
There needs to be a “mindset change” around breach reporting by licensees and advisers as, rather than be pleased, ASIC will more likely be suspicious if a firm has no breaches, according to a compliance expert.