Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
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Remuneration CPA Advice

This covers the board and management of CPA Australia
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Stomper
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Joined: Tue May 02, 2017 9:55 am

Remuneration CPA Advice

Post by Stomper » Thu Jul 06, 2017 9:59 am

Am yet to receive a response to this request submitted via the LinkedIn CPA Members Australia Group
Hi 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.
https://www.linkedin.com/groups/103561/ ... 8344410116

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!!!
Attachments
NTAA Financial Statements 30 June 2016.pdf
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