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FPA turns efforts to TASA regime

With debate raging over the FOFA amendments, the Financial Planning Association has turned its attention to implementation of the Tax Agent Services Act in July.

Kicking off today with the first of four webinars available to FPA members, the association is launching an education campaign to prepare members for the upcoming regulatory changes.

“The TASA toolkit campaign is in line with the FPA’s commitment to support the enablement of the profession by taking care of the detail of legal reforms at work in the industry,” said an FPA statement.

“It aims to educate planners on the main requirements of the Tax Agent Services Act and empower financial planning professionals to continue serving the best interest of their clients in a changing regulatory landscape.”

FPA chief executive Mark Rantall said financial planners are encouraged to take advantage of the program so they “avoid feeling under pressure and rushing to make changes come 1 July”.

“The more prepared planners are, the easier this transition will be both for them and for their clients,” he said.