Professional Planner

1 week ago | professionalplanner.com.au | Chris Dastoor

The Federal Court has dismissed a class action against Count subsidiary Count Financial, finding that it did not fail to act in client best interests. In an announcement to the ASX after market closure on Tuesday night, Count said the subsidiary had successfully defended the claim and denied any wrongdoing.

1 week ago | professionalplanner.com.au | Brendan Johnson

This is a question Encore Advisory is asked more and more often as the number of capital providers grow and the value propositions evolve. To help answer this question you should first work out if a capital partner is what you actually need – in most cases it is not.

1 week ago | professionalplanner.com.au | Chris Dastoor

To help navigate the complicated regulatory regime that dictates what is – and isn’t – tax deductible for financial advice fees, four associations have created a guide to help with best practice. The guide is co-authored by the Financial Advice Association Australia along with accounting bodies CA ANZ, CPA Australia, and the Institute of Public Accountants covering Tax Determination 2024/7.

2 weeks ago | professionalplanner.com.au | Chris Dastoor

Most licensees are across their obligations to dob themselves in to ASIC when they become aware of a ‘reportable situation’. But are you aware that you have an obligation to dob in other licensees in certain circumstances? This is the equivalent of being what we used to call, in the school playground, a dibber-dobber – except that, under the AFSL regime, it’s not optional!I also like to call it the ‘dabbing’ provision, as it sits in section 912DAB (get it – ‘DAB’?) of the Corporations Act 2001.

2 weeks ago | professionalplanner.com.au | Chris Dastoor

Liz McCarthy (left), Recep Peker