SMSF Association Submission
We thank you for the opportunity to provide this submission which incorporates and summarises the extensive work Chartered Accountants ANZ (CA ANZ), the Institute of Public Accountants (IPA) and the Self-Managed Superannuation Fund Association (SMSFA) have undertaken to advocate for the great role accountants play in assisting their clients with superannuation queries.
The information provided in this submission has been prepared on a collective basis for the specific purpose of Section 4.6 of the Quality of Advice Review Issues Paper, March 2022, (the Issues Paper). This submission should be read in conjunction with the collective submission from 11 industry associations (including our three) due on Friday 17 June 2022 as well as individual submissions from each of our organisations.
Our drive is consumer led and is focused on client needs for advice. The proposed model achieves this through:
- Access to affordable strategic superannuation advice
- Delivery of an efficient and effective model
- Use of suitably and highly qualified and regulated accounting professionals
- Appropriate consumer protections