ASIC and APRA guidance confirm that superannuation trustees are allowed to request client advice documents from advisers for targeted, proportionate...
ASIC expects financial advisers to analyse a client’s requested strategy before implementing it when providing personal advice. This applies to...
ASIC expects AFS licensees to treat advising foreign clients as lower risk where services are incidental, client-initiated, and not ongoing...
ASIC expects AFS licensees to treat advising foreign clients as high risk where services are targeted, ongoing, or involve cross-border...
If a financial adviser breaches the Best Interests Duty under section 961B of the Corporations Act, ASIC may take enforcement...
There is no mandated checklist, but Section 961B(2) of the Corporations Act provides a list of steps that, if followed,...
Section 961B of the Corporations Act sets out safe harbour steps that, if satisfied, indicate a financial adviser has met...
No, an Approved Product List (APL) does not inherently restrict adviser independence or create conflicts of interest, unless it is...
ASIC expects AFS licensees and advisers to determine appropriateness by demonstrating that the advice is based on the client’s relevant...
ASIC expects Statements of Advice to clearly demonstrate how advice is appropriate and in the client’s best interests, where strong...