The author wrote: "The FPA has used virtually every pre-Budget submission filed with the Government over the past decade to lobby for the tax deductibility of advice."
Really does highlight just how useless an organization the FPA is. Clearly in bed with product manufacturers and Treasury is fully aware of this tainted relationship.... and that's why nothing is achieved by these people. It actually does more harm then good. Here's an idea, stop getting payments from these firms and that's when you can go to Treasury and say we represent Australians and Financial Advisers and we want this outcome. Going to Treasury saying here's our press release cut and pasted by our puppet masters at AMP is clearly not working.
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