Implementation of the Government’s response to the Review of the Tax Practitioners Board

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 […]

Joint submission on legislating the objective of superannuation

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 […]

Legislating the objective of superannuation

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 […]

PCG 2022/D5: Classifying workers as employees or independent contractors

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. […]

Joint submission and statement on non-arm’s length expense (NALE) rules for superannuation funds

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. […]

Submission on non-arm’s length expense (NALE) rules for superannuation funds

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 […]

Sladen Snippet – Treasury Releases Proposed NALE Changes

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 […]

2023/24 pre-budget submission on superannuation issues

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 […]

Implementation of the Government’s response to the Review of the Tax Practitioners Board

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 […]

IFPA Response to ALRC Executive Summary

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 […]