The Tax Practitioners Board (TPB) Wed 24.9.2014, released for comment the following 2 exposure draft Information Sheets:
- Draft Information sheet TPB(I) D23/2014 – the meaning of “fee or other reward” for tax (financial) advisers – will assist entities to determine what constitutes a fee or other reward.
- Draft Information sheet TPB(I) D24/2014 – the sufficient number requirement for partnership and company registered tax (financial) advisers – explains the sufficient number requirement which will need to be met by partnerships and companies seeking registration, or renewal of registration, as a (tax) financial adviser under the standard option from 1 January 2016.
The exposure drafts set out the preliminary views of the TPB and aim to assist entities to understand the TPB’s approach to these requirements.
COMMENTS on both drafts are due by 24 October 2014.
[LTN 186, 25/9/14]