The Government welcomes the recent report from the Parliamentary Joint Committee on Corporations and Financial Services (the Committee) on its inquiry on proposals to lift the professional, ethical and education standards in the financial services industry.
I wish to thank the Committee, particularly its Chair, Senator David Fawcett, the organisations and individuals who made submissions to the inquiry, as well as all those who gave evidence at its public hearings.
Financial advisers play a very important role in Australia, helping consumers to plan for their retirement, and to manage the financial risks and opportunities of life.
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