Advice types: where do you draw the line in the sand

  • Presentations, Technical Resource
  • Regulators

Technical Summit 2022

This deep dive will focus on unpacking the differences between tax and super advice, legal advice, personal advice and help you identify where to draw the line.
 
The workshop will challenge what accountants, financial planners and auditors do in their businesses every day when it comes to the operation of the superannuation and tax laws. When dealing with SMSF clients, it is important to understand what advice it is that you are providing and what advice you are licenced to provide. This knowledge is essential in understanding the boundaries to ensure that you can put strategies in place to mitigate the risk of crossing the line in the sand.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association