Legal expert opinion finds s99FA still ‘problematic’
Top barrister Bernard Quinn KC, who led a high-profile investigation into racism in the AFL, says section 99FA of the SIS Act as amended by the government in its Delivering Better Financial Outcomes bill just pays lip service to the recommendations of the Quality of Advice Review. Despite claims to the contrary, super funds may still take a “conservative” approach and check every statement of advice before allowing fee deductions.
Regulation
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