If the success of the Code of Ethics is marked by an industry that can self-regulate and hold itself to account then we are a way off, Paul Moran, a self-licensed practice owner describes alongside UNSW’s Tracy Wilcox. Moran raises the possibility that a transition to this future state could be aided by a two-tiered approach to regulation.
The future of licensing requires accountability and consumer choiceÂ
The FSC’s proposal to recalibrate the ASIC levy by significantly increasing the amount payable by AFSLs threatens to decrease competition and consumer choice for no improvement to licensee governance and consumer protection, writes Kon Costas.
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