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  1. FASEA reveals update on adviser exam for 2020

    accessible and effective, and exam sitting opportunities are optimised,” it said. The latest on the adviser exam comes after last year saw a decision made to recognise Chartered Accountants Australia and New Zealand and Certified Practicing Accountants...

  2. FASEA remote exam guidelines released

    72 hours before the exam start date, and that candidates will be charged an extra fee if they attempt to schedule at the last minute. It also recommends candidates sit the exam on a personal computer, as those in public locations such as workplaces “may...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Business

  3. FASEA relaxes 3-month exam requirement

    all financial advisers who have yet to pass the exam the option to sit the November exam irrespective of the timing of their last sitting. Financial advisers were previously only allowed to register for the next exam sitting three months after their...

  4. FASEA exam ‘buys more time’ for licensing decisions

    that it’s not worth it, but they should still do the exam,” Mr Moss said. “Anyone you know who has been licensed in the last two years should do the FASEA exam because it extends their opportunity to get re-licensed within the next four years if they...

  5. FASEA chair reappointed ahead of wind-up

    the Corporations Act 2001 to set the education, training and ethical standards of financial advisers in Australia. Late last year, the government announced that FASEA would be wound up, with its standard-making functions to be moved into the Treasury...

  6. Family preferred to accountants for money advice, survey finds

    of 1,991 respondents aged between 18 and 65 in a nationally representative sample, conducted between November and December last year. Respondents were asked questions about financial literacy and attitudes towards money management and home ownership....

  7. Family businesses optimistic despite facing growth risks

    Family Business Survey that found just 53 per cent of Australian family businesses surveyed reported sales growth in the last 12 months, well behind the global average of 65 per cent. David Smorgon OAM, PwC’s senior advisor on family, business and...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  8. False lodgement declarations see tax agent terminated

    numbers had been identified as an ongoing area of concern with the ATO and the TPB, with 74 tax practitioners singled out last year over such misuse. Instances where an SMSF annual return has been lodged prior to an audit being finalised is understood...

  9. Falling inflation, retail trades point to August rate pause

    ease later in the year. “Forward looking job vacancy data suggests there are far fewer jobs available now that this time last year, however, still more jobs than were available pre-COVID,” she said. AMP chief economist Shane Oliver said the RBA decision...

  10. Fake tax agent repeat offender fined $150k, permanently banned

    penalty could have been much higher. Justice John Logan, who imposed the penalties following successful action by the TPB last July to prevent Ms Ordiales lodging returns, said the board had sought a penalty almost double the one imposed and the law and...

  11. Fair Work updates guidance on JobKeeper scheme

    and operation of the JobKeeper payment scheme in Australian workplaces. Changes to the Fair Work Act, which are set to last until 28 September 2020, have been made in tandem with the government’s $130 billion JobKeeper legislation. According to Fair...

  12. Fair Work says Uber drivers are not employees

    affordable and reliable social protections, whatever category of employment they are in.” The spokesperson added that late last year, Uber added a “partner support package” for people using the platform for work, which the company said would “provide...

  13. Fair Work conducts surprise raid on Chapel Street bars

    help us get to the bottom of serious allegations. “We will carefully review the evidence we have gathered, including during last night’s audits, to determine if there are any breaches of Australia’s workplace laws. “If we do uncover breaches, we will...

  14. Fair Work Commission increases minimum wage by 3.75%

    households, continue to experience notwithstanding that inflation is considerably lower than it was at the time of last year’s Review.” Modern award minimum wages remain, he outlined, in real terms, lower than they were five years ago, notwithstanding...

    • Type: Article
    • Author: Kace O'Neill and Jerome Doraisamy
    • Category: Business

  15. Fair Work blitz forces farmers to digitise payroll

    Fair Work Ombudsman in September. It was just the latest in a blitz of almost 200 agribusinesses across four states since last December, which have revealed the difficulties farmers have in meeting payroll compliance requirements. For example, site...

  16. Failure to pay minimum pensions just got a lot more costly

    to avoid accidental failures. “Request a Minimum Pensions Report from your accountant/adviser. Do not just rely on the last 30 June financials as you need to ensure you include any new pensions that began in the current financial year.” “You should also...

  17. Facebook browsing leads to taxpayer’s work-related deduction downfall

    as the Administrative Appeals Tribunal stresses the need for contemporaneous records ahead of tax time. The tribunal ruled last week that Shannon Spencer, a TasWater water services operator, was not allowed to claim $179 in home internet expenses for...

  18. FAAA pushes for higher education standards on new class of advisers

    of advisers to eventually make their way into providing professional financial advice. “We only put on 370 new advisers last year and we’re not going to get our numbers back to where they need to be unless something dramatic changes. But for these...

  19. FAAA and NTAA on proposed treasury amendment

    the professional associations have both made recommendations addressing the potential impact on taxpayers. Ahead of the last scheduled public hearing as part of the Australian Parliamentary inquiry on the Treasury Laws Amendments (Tax Reform No. 1) Bill...

  20. EY tips increase in divestment

    growth plans, with two thirds of companies seeing an increased valuation multiple in the remaining business after their last asset sale," Mr Lomas said. “Boards need absolute clarity on their growth strategy and they need to properly assess whether they...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
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