It will be easier for Australians to get assistance from professional accountants and financial planners in making decisions about their financial position in the face of the COVID-19 pandemic.
Registered Tax Agents (RTAs) can now temporarily give advice about early access to superannuation, without having to hold an Australian Financial Services (AFS) licence, and financial planners will have access to simplified advice documents in the place of a long and complex statement of advice. Read more.
ASIC also released details on the changes to its
regulatory work and priorities to allow for a focus on the impact of COVID-19. Read more.