Sarah Abood
The FAAA has released its 2024-25 Pre-Budget Submission.
It puts forward six ideas that the FAAA believes will have a positive impact on the financial futures of Australian consumers, by reducing the cost of professional financial advice.
- Implement a fairer ASIC Funding Levy
- Ensure fairness and manage costs of the Compensation Scheme of Last Resort
- Enhance tax deductibility of financial advice
- Enable financial adviser access to the ATO portal
- Provide more support for financial adviser education, and exam price relief 6. Reverse proposed changes to Reduced Input Tax Credits for advice fees
