The Institute has announced new changes governing the Certificate of Public Practice (CPP) that come into effect on 1 July 2008.
We have extensively rewritten the regulations so that we can:
- Place reliance on members’ licensing obligations and quality control procedures in place under financial services legislation
- Integrate the monitoring of members who act as representatives/authorised representatives of AFSLs, or who do not offer services under their statutory registration with the annual membership subscription process
- Raise the threshold for the CPP concessional rate from $2000 to $7500.
- Provide guidance so that members can easily identify when they should apply for a CPP.
Some members may require a CPP, who didn't previously hold one.
Likewise, other members may no longer require a CPP.
We encourage you to find out now if you require a CPP under the new regulations. To assist you this helpful tool will guide you through the process.
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