White paper looks at reforms for financial services

White paper looks at reforms for financial services

The Financial Services Council asked KPMG to assess the impact of proposed FSC reforms on the advice process, including hours, time, and cost per step of the process. These reforms were initially part of an FSC green paper and are now a white paper published on Monday...
PAYG penalties put on hold

PAYG penalties put on hold

Due to the ongoing impacts and economic uncertainty of COVID-19, the Tax Office said penalties will not apply if customers have taken reasonable care to estimate their end-of-year tax liability. Customers need to have made a reasonable and genuine attempt to determine...