Proposed super tax far from ‘equitable’ policy

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 […]

Quality of Financial Advice review – recommendations adopted

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, […]

Institute of Financial Professionals Australia urges government to tackle comprehensive tax reform

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 […]

Our submission on the extra 15% tax for super balances over $3m

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 […]

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 […]