WPFP Group Pty Ltd is the holder of an Australian Financial Services Licence (AFSL). Both WPFP Group Pty Ltd as licensee and Wilson Pateras Financial Planning Pty Ltd as an authorised representative of the licensee including Wilson pateras advisers, must meet various obligations imposed under the AFSL, under various laws including the Corporations Act and regulations, as well as pursuant to various professional and industry body directives, codes and other guidance.
The Tax Agent Services Act (TASA) 2009 requires that financial advisers providing advice on tax matters (either incidental or otherwise to the subject matter of the advice) to be registered (or supervised by a registered individual) with the Tax Practitioners Board (TPB) from 1 July 2014 as tax (financial) advisers. Under their TPB registration, advisers must meet the personal and professional standard requirements for registered tax (financial) advisers in accordance with the TPB Code of Conduct. The obligations imposed by the Code of Conduct can be found in the Tax Agent Services Act 2009.