The proper question to ask; why was the Corporation Act altered by Companies Branch Treasury to abolish the requirement for all advisers to be on the ASIC register, regardless of whether they are employees or officers of the licence holder.

That was the law. For some inexplicable reason, Treasury changed the law to abolish that requirement. I most retrograde amendment.

ASIC may care to acknowledge that the way in which the law was previously cast was more effective than the present law.

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