https://www.linkedin.com/groups/103561/ ... 8344410116Hi Jillian, It would have been nice to have seen the following......
"Until the completion of the Independent Review the Board will forgo all fees, including those from CPA Advice"
Could you please pass this suggestion onto the Board and perhaps, in the spirit of reconciliation, they could issue this as a goodwill gesture to members.
Interestingly, despite CPA Advice having only 26 advisors, the Directors and Executives would still seem to be skimming $1m in fees and wages from this compliance dud.
In comparison SMSF ADVISERS NETWORK PTY LTD Licence Number: 430062, run by the NTAA, which has over 1,000 Representatives was started in 2013 to support accountants to comply with the new laws.
Based on the accounts of NTAA the directors / executives receive little or any additional remuneration for activities associated with their wholly owned subsidiary, which cost significantly less than the $12m CPA Advice took to establish.... The comparison is staggering and will form part of my submission to the "Inquiry".
Shame on the Board/Executive for not waiving their fees while this inquiry is ongoing!!!