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  1. CPA reveals details around licensing offer

    a game changer for financial advice in this country." The announcement was met with both criticism and support. Also in June last year, former FPA chair John Hewson told AccountantsDaily sister publication ifa that the new entrant was taking advantage...

    • Type: Article
    • Author: Linda Santacruz
    • Category: Regulation
  2. CPA remains confident regarding licensing offering

    in its ability to operate alongside “the big financial institutions”, despite not being fully operational yet. In June last year, CPA Australia announced it would establish a new wholly owned subsidiary to provide independent financial advice to...

  3. CPA releases membership numbers as rebellion continues

    Daily. “The goal is to develop an active and involved membership to enhance the profession and the members,” he said. At last report, Mr Stevenson’s “fighting fund” - a pool of donated funds from disgruntled CPA members - is at $32,753.

  4. CPA rebel members launch new offensive

    particular issue with CPA Australia’s marketing expenditure and remuneration disclosure model. In its annual general meeting last week, held in Singapore, president and chairperson of the CPA Australia board, Tyrone Carlin, said the association will be...

  5. CPA outlines gaps in system for combating financial abuse

    The IGTO launched its review into the ATO's identification and management of financial abuse within the tax system late last month to examine the ATO's current systems, policies, and processes for dealing with financial abuse in the tax system. CPA...

  6. CPA members to lobby for proxy vote breakdown

    CPA members are continuing the fight to have the geographical breakdown of proxy votes revealed in the wake of last week’s AGM, as concerns over the lack of transparency and openness from the Alex Malley-era returns. Last week, less than 7,000 members...

  7. CPA members take fight for transparency to AGM

    raise debate and feedback through accessible and no or low-cost means. Members struggled to consult with each other during last year’s governance crisis, and resorted to paying $2,351.16 to obtain a copy of the register of members, which didn’t come...

  8. CPA members push for removal of president

    relating to the governance, strategy or other membership matters. Member Brett Stevenson, who triggered the member rebellion last year, has also proposed to limit directors’ tenure to two terms of three years, with the maximum consecutive period that a...

  9. CPA issues warning on limited licensing

    the option when you get towards the end of the transition period to know which way you want to go.” “If you leave it to the last 12 months to start your training it’s just going to be too late." Ms Weller’s comments come after ASIC warned of four...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation
  10. CPA gets licensing go-ahead from ASIC

    has granted an AFSL and an Australian Credit Licence (ACL) to its wholly owned subsidiary, CPA Australia Advice. In June last year, CPA Australia announced it would establish a new wholly owned subsidiary to provide independent financial advice to...

  11. CPA fears bad consumer outcomes as TPB’s budgets struggle

    including monitoring “questionable” behaviour as suggested by the Black Economy Taskforce. The TPB told Accountants Daily last year it continues to struggle with its expanded portfolio, particularly the registration of tax (financial) advisers, and...

  12. CPA facing potential lawsuit from members

    legal advice as to whether the decision to hold the AGM in Singapore might be in contravention of the Corporations Act. Last week, CPA announced to its members via email that its 2017 annual general meeting (AGM) will be held in Singapore on 27 April....

  13. CPA defends marketing spend, mulls disclosure changes

    CPA Australia says its marketing spend has decreased as a proportion of turnover in the last 10 years, and in response to swelling discontent, agreed to consider alternative models to the disclosure of remuneration. At its annual general meeting (AGM)...

  14. CPA defends ‘extremely effective’ marketing strategy

    (AGM) in June, the board indicated membership gains in key focus markets, including 20 per cent growth in Asia in the last three years. The board also said expenditure on marketing, promotion and publications as a proportion of revenue remained...

  15. CPA calls for extension to compulsory advice exam

    The logistics of it are huge. We’re not getting any indication that the deadline will change, though,” she said in December last year. [email protected]

  16. CPA braces for ‘widescale’ change, members launch spill motion

    lodged an application for a new Professional Standards Scheme in January 2017, which has been assessed by the PSC of NSW. Last week, the PSC advised that it is unable to direct the proposed new scheme to be published for public notification. It is...

  17. CPA boss remains bullish despite slow licence take-up

    advisers at various stages of the on-boarding process”. “Since announcing our intention to establish CPA Australia Advice last year, we’ve been developing our business structure, getting our team together and working through the intricacies of our...

    • Type: Article
    • Author: Linda Santacruz
    • Category: Regulation
  18. CPA boss knocks back ‘abject failure’ claims

    As of May 29 this year, 25 members are authorised under the CPA Australia Advice licence, an increase of 14 since October last year. Speaking to Accountants Daily, Mr Malley said the early stages of take-up are in line with expectations, and that he had...

  19. CPA board grilled in heated Senate hearing

    to make it simpler for members of professional bodies to communicate with each other. This follows a hearing in Sydney early last month, which was fronted only by general manager of policy and corporate affairs, Stuart Dignam. The continuation of the...

  20. CPA bites after tech giant's roasting

    of the Future of Financial Advice reforms, which saw the wildly unpopular limited licensing regime kick in for accountants last year. Some of these members have voiced their opinion via our sister title, SMSF Adviser. You can view the comments and join...