The Albanese Government says removing the catch-all – paragraph (g) – from the best interests duty safe harbour in the financial advice laws will enable the provision of scaled advice around the country. But lawyer Paul Derham of Holley Nethercote says amending the contentious clause will not necessarily have the intended effect.
Professional Planner is the leading voice for financial planners where they can learn about industry standards, get news, information, debate and develop new ideas.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation