Information to assist you understand your options and obligations under the Financial Services Reform (FSR).
CPA Australia has worked hard to achieve relief for the provision of advice on superannuation fund structures under the Financial Services Reform Act 2001. While structural advice relating to SMSFs is exempt, CPA Australia will continue to call for an exemption of all superannuation structural advice, so the regulation is workable in practice.
The FSR: Accounting Industry Guide reflects changes in regulations relating to self managed superannuation funds advice and provides a clear outline of:
- when a licence is required
- what specific accounting services are not covered by licensing under FSR
- changes relating to the provision of advice relating to SMSF structures
- frequently asked questions
Information to assist you with the introduction of Super Choice regulation on 1 July 2005 is also available, including:
- explaining to a client how choice in super works and what the implications are for the client
- assisting a client in administration and implementation of choice for their business
- explaining how portability works under the choice regime
A supplement to the guide has been developed for public practitioners which outlines options to incorporate financial planning into your practice.
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