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Reform and regulation: the challenges
Australia is currently grappling with a complex web of regulatory reforms, which has left many advisers in a state of limbo. In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn discuss the pressing issue of financial advice reform.
One of the most troubling issues is in the advice sector, and after nearly three years since the Quality of Advice Review (QAR) report was delivered, the sector is still waiting for significant progress.
- Listen as Keith and Aaron discuss:
- The fragmented nature of the regulatory framework.
- The challenges in the requirement for an account number on fee consent forms.
- The government's focus on super, particularly in the retirement phase.
- Technical aspects of SMSF management, including deferred tax accounting.
- Recent actions by ASIC against SMSF auditors.
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