Why accounting framework is a useful catalyst to shake up advice model
The proposal was put forward in a Quality of Advice Review (QAR) submission to Treasury.
More from Regulation

CA ANZ defends handling of KPMG case
By-laws require the identities of eight sanctioned members to remain confidential, it says.

Former adviser sentenced to jail term and fined
Sentence – to be served as intensive correction order – comes after the adviser pleaded guilty to siphoning funds...

Accountants ‘well-qualified’ to satisfy advice demand
The rules need to recognise that clients often have simple questions that accountants are best placed to...

Crypto a can of worms for bankruptcy trustees
Digital assets present problems when it comes to valuation and sale, or even just locating them in the first...

Former director charged with unlicensed advice offences
The sole director of a former AFS licence has been charged after allegedly providing unlicensed financial advice...

TPB urges agents to renew registrations
The board has provided tips to take the stress out of the process for tax and BAS...

ASIC strikes off five SMSF auditors and tightens leash on three
Breaches include failures to lodge annual statements and lack of independence.

Employees back-paid $17m by a community health organisation
It has now entered into an enforceable undertaking with the FWO.

FWO secures $355k in penalties against Brisbane sushi restaurant
Landmark fine imposed for underpaying staff and falsifying records.

ASIC gives liquidator reprimand rather than ban
Conduct had the potential to undermine confidence, regulator...