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This week has once again seen multiple consultations on behalf of Members and the finalisation of submissions on various matters including on exposure draft legislation - the details of which are outlined below.

We are continuing to demonstrate to Government the serious implications of the ATO’s stance on unpaid present entitlements and I will have an update on this issue next week.

On the issue of financial planners and the Tax Agent Services Regime, we are continuing the consultations with Government on the form of regulatory supervision of financial planners in respect of the tax advice that they provide. This follows the government’s 12 month exemption of financial planners from the Regime.

Please see below for details of other activities this week.

Kind regards
Robert Jeremenko FTIA

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