ISN’s submission on the proposed Tax Agent Services (TAS) regime for AFSL holders.
The Government has sought the views of interested parties on 2 options for regulating the provision of incidental tax agent services (TAS) regime to AFSL holders.
Industry super funds are increasingly involved in the provision of financial advice services to their members. While some of this advice is provided in a traditional face to face setting, funds are expanding their delivery of transactional, limited advice to existing members through more efficient channels such as telephone and web based advice services.
ISN strongly supports Option 2 as a preferable means of applying the TAS regime to financial planners involved in providing incidental tax advice in the course of advising their members.
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Industry Super Network’s recent submission to the Accounting Professional and Ethical Standards Board (APESB) strongly supports the new draft standard APES 30 proposed by the Board.
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ISN’s submission to Phase 3 of the ‘Cooper Review’ argues that improvements to the existing regulatory framework would effectively address the three causes of market failure and achieve the objectives of the review panel without a comprehensive restructuring of the superannuation industry.
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