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Advice practices set to benefit from tax cutsBY KARREN VERGARA | WEDNESDAY, 12 MAY 2021 12:36PM
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021.Read more: ATO, FPA, AAT, Administrative Appeals Tribunal, ASIC, Australian Small Business, Dante De Gori, Family Enterprise Ombudsman Bruce Billson, Financial Planning Association of Australia, Financial Standard, Josh Frydenberg, Royal Commission
AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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