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Showing 21 - 30 of 53 results for "Relevant Providers"

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... regulatory change has occurred since 1995. In addition, financial advisers are now recognised as Qualified Tax Relevant Providers (QTRPs), and are regularly providing tax advice to clients," Abood said. The revised guidance is open to feedback until ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... response, which suggested a cautious approach, testing the more contentious changes such as the introduction of non-relevant providers to the advice space with super funds initially. There was a limited scope to the type of advice that could be provided ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... clients to register before the 1 February 2024 final deadline. From this date, advisers otherwise known as relevant providers who provide personal advice to retail clients on relevant financial products must be registered with ASIC. This excludes time-share ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... responsibility of AFS licensees to ensure that the information recorded on the Financial Advisers Register about their relevant providers is correct."

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... webinars. ASIC also wants to help AFSLs to understand their obligations and how they should register their relevant providers. Given that the requirements are embedded in Treasury Laws Amendment (2023 Measures No. 1) Bill, which is still before parliament ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)." Jones said trustees will be provided with legal clarity around current practices for the payment of adviser service fees ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... comply with the registration process, as well as help Australian Financial Service Licensees register their relevant providers. "The registration requirement is new. It is separate, and in addition to, the pre-existing requirements for an AFS licensee ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... complexity and complications that is not reflective of client detriment." He commented on the dispute around non-relevant providers and said some will argue that allowing this group to operate under a good advice obligation is somehow sacrificing the ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... there would need to be controls around the kinds of advice that might apply and education standards for non-relevant providers must also be lifted. However, he said that if the proposal only allows for simple advice to be provided to people who would ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
Financial advisers and non-relevant providers should share the load when it comes to giving simpler financial advice, Michelle Levy maintains. As previously flagged in the draft proposals, Levy has suggested the Corporations Act be amended to provide ...