Fees paid for financial advice should be tax deductable, according to Industry Super Network (ISN).
Such breaks, however, should be restricted to advisers who use a fee-for-service model, ISN executive manager David Whiteley said.
"Offering tax advantages for advisers who charge for advice on a fee-for-service basis will move the industry away from commissions," Whiteley said.
"It will also act as an incentive for advisers to act in the best interest of their clients."
Currently fee commissions attract tax advantages.
Whiteley's comments echoed earlier calls made by the FPA.
In last year's Federal Budget, FPA chief executive Jo-Anne Bloch called for financial planning to be made tax deductible.
"The Government needs to consider making fees for financial planning advice tax deductible," Bloch said at the time.
"This will encourage more Australians to seek good financial advice and fix a glaring anomaly where payments via a commission do attract a tax deduction."
Association of Financial Advisers national president Dennis Bateman said any fee structure must be done in the best interest of the client.
"It is up to the client to choose how they want to pay for advice. If the costs are fully disclosed and transparent then there is no issue," Bateman said.
