Advocacy and Media

The Institute of Financial Professionals Australia (IFPA) has submitted a detailed response to the Tax Practitioners Board (TPB) regarding the Draft Information Sheet TPB(I) D53/2024 on breach reporting. This submission

On Thursday 18 April 2024, the Institute of Financial Professionals Australia (IFPA) was invited to appear before the Senate Economics Legislation Committee (SELC) public hearing as part of its inquiry

The Institute of Financial Professionals Australia (IFPA) is deeply concerned about the retrospective aspect of the CSLR levy and the cost advisers will have to pay to fund the operation

On 23/2/24, we provided our submission intoTreasury Laws Amendment (Better targeted Superannuation Concessions and Other Measures) Bill 2023.This Bill has been referred to the Senate Economics Legislation Committee with the report due

On 9/2/24, we provided our submission into the Superannuation (Objective) Bill 2023. This Bill was referred to the Senate Economics Legislation Committee for inquiry with a report due by 28 March

On 9/2/24, we provided our submission on the ‘retirement phase of superannuation’ discussion paper. We recognise the need to optimise the retirement phase of superannuation and focussed our submission on

On 25 January 2024, the Institute of Financial Professionals Australia submitted its 2024-25 Pre-Budget submission on tax, superannuation and financial services matters. In brief, we are calling on the Federal

On 3/11/2023, we provided our submission on the payday super regime. In brief, we support the change for employers to pay SG contributions at the same time they pay salary

The Institute of Financial Professional Australia is pleased that the Australian small business community is one step closer to receiving much needed support through certain tax measures that aim to

On 18 October, the Institute of Financial Professionals Australia provided its submission on the proposed extra 15% tax on superannuation balances above $3 million. We remain opposed to the extra

The Federal government’s newly released draft legislation on the extra 15% tax on superannuation balances above $3 million is far from being equitable policy, says Head of Superannuation and Financial

The Government has announced that it will adopt the bulk of Quality of Advice review recommendations. The Government said that announced reforms aim to address the high cost of advice,

In its 2023-24 Budget submission, the Institute of Financial Professionals Australia, has urged the government to address underlying structural Budget weaknesses by going beyond incremental change and undertaking comprehensive tax

On 17 April 2023, the Institute of Financial Professionals Australia (IFPA) provided its submission on the proposed extra 15% tax on total superannuation balances above $3m. We do not believe

On 31 March 2023 the Institute of Financial Professionals (IFPA) continued to raise its concerns regarding the proposed changes to the Tax Agent Services Act 2009 contained in the Treasury

The Institute of Financial Professionals Australia along with two other associations wrote to Treasury on legislating the objective of superannuation. The Joint Bodies do not support the government’s proposed objective

While we fully support consistency in future policy making around superannuation, which should broadly be aimed at providing income/benefits for individuals and their dependents in retirement, we do not support

The Institute of Financial Professionals Australia provided its submission to the ATO on Draft Practical Compliance Guideline PCG 2022/D5: Classifying workers as employees or independent contractors – ATO compliance approach.

The Institute of Financial Professionals Australia along with six other associations wrote to Minister, the Hon Stephen Jones MP, seeking urgent amendment to the superannuation non-arm’s length income (NALI) provisions.

On 21 February 2023, the Institute of Financial Professionals Australia provided its submission on the non-arm’s length expense rules for superannuation funds. Our association does not support the proposals and

Treasury has released proposed legislative changes  to the non-arm’s length expenses (NALE) rules. While they are not as bad as the initial proposal to tax NALE at a rate of 225%, they are

On 24 January 2023, the Institute of Financial Professionals Australia submitted its 2023/24 pre-budget submission on superannuation matters. We believe there are number of measures that can be introduced by

On the 11 December 2022 the Institute of Financial Professionals (IFPA) together with other external professional association members of the Tax Practitioners Board (TPB) Consultative Forum made a submission in

The Institute of Financial Professionals Australia (IFPA) is an association that represents several elements of what the general public commonly regard as being professionals in the financial services industry in

Tax & Super Australia (TSA) opposes the limiting of the size of account balances in superannuation funds. TSA Head of Superannuation Natasha Panagis said introducing a cap on superannuation balances

Tax and Super Australia (TSA) welcomes the opportunity to make a submission to the Australian Taxation Office (ATO) in relation to the draft Practical Compliance Guideline PCG 2022/D4 “Claiming a

Tax & Super Australia (TSA) has welcomed the passage of legislation which aims to reduce complexity and make it easier for older Australians contribute to superannuation. Several superannuation proposals announced

On 5 October 2022 Tax & Super Australia wrote to The Honourable Dr Jim Chalmers MP Treasurer regarding the 2022-23 pre-budget income tax matters noting that our members have an

The ATO has released a paper with five additional examples which they propose to include in the green zone. The situations covered by these examples include where: a loss trust

On 30 September 2022, Tax & Super Australia as an advocate for our members and the tax industry made a submission to Treasury in respect of exposure draft legislation released

  Tax and Super Australia believe there are number of measures that can be introduced by the Government that will reduce red tape and help stimulate economic activity. We also

  Members have been raising questions about the options available in relation to 2021-22 trust distributions and respective resolutions in respect of adult beneficiaries, having regard to the draft guidance

  On 3 June 2022 Tax & Super Australia wrote to the Treasurer, The Honourable Jim Chalmers MP, making note of the political, fiscal and social challenges the incoming government

Further to our submission made dated 18 February 2022, on the 11 April 2022 Tax and Super Australia as an advocate for our members and the tax and superannuation industry,

On behalf of Tax and Super Australia (TSA) and its members, and further to our submission made dated 18 February 2022 in respect of Section 100A, TSA has advocated for

On the 3rd of March, Tax and Super Australia as an advocate for our members and the tax and superannuation industry, lodged a Pre-Election Tax Submission to the Prime Minister.

On 18 February 2022, Tax and Super Australia made a submission to the Office of the Chief Tax Counsel to request to finalise the Draft Taxation Ruling on Section 100A

Tax and Super Australia and The Self-managed Independent Superannuation Funds Association (SISFA) believe there are number of measures that can be introduced by the Government that will reduce red tape

Tax and Super Australia and The Self-managed Independent Superannuation Funds Association (SISFA) believe that reporting transfer balance events to the ATO is an important process. In our joint submission to

Tax & Super Australia (TSA) has welcomed the passage of legislation which improves the way superannuation is divided in family law proceedings. The new law provides an information sharing mechanism

Tax and Super Australia is part of a larger industry group (The Joint Bodies) which is in ongoing consultation with the ATO and Treasury. The Joint Bodies wrote to Senator