CPA Australia has released a "Regulatory Burden Research Report." "Based on CPA Australia’s research into advice supply and demand, as well as its analysis of the current regulatory framework, the recommendations in this report aim to eliminate duplicative and conflicting regulations, and to streamline the existing framework to reduce the cost and burden on professional accountants. Five recommendations proposed are: review definition of key terms; redefine product advice and introduce strategic financial planning advice; individual licensing or registration of financial advisers; align codes of ethics and CPD requirements; and consider changes to the tax registration system."
November 01, 2019
