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Showing 1 - 9 of 9 results for "Better Advice Bill"

ASIC consults on FSCP sittings

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... reads. ASIC wants to hear from stakeholders, who have until March 28 to provide a submission. The passage of the Better Advice Bill gave the FSCP its own legislative functions and powers, which took effect on 1 January 2022, to address financial adviser ...

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... (FSCP) and what financial advisers can expect next year. Set to commence on 1 January 2022, the FSCP under the Better Advice Bill will have the power to direct financial advisers to undertake specified training, counselling or supervision and report ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... all advisers - regardless of experience - to obtain an approved degree. After the passage of the government's Better Advice Bill through Parliament, from 1 January 2022, the power to set education standards for financial advisers will transfer from FASEA ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ...

Hume puts finfluencer followers on notice

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
... that trust in advisers will only grow stronger. "From 1 January 2022, assuming that the safe passage of the Better Advice Bill through the Senate, consumers will be able to trust that financial advisers' obligations will be monitored and enforced ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... until 1 January 2022 to pass the FASEA exam (with a nine-month extension granted in some cases). Finally, the Better Advice Bill, which is yet to be legislated, will have implications ranging from registration of financial advisers, moving to a single ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
Senator Jane Hume opened consultations on the highly anticipated Better Advice Bill in a bid to iron out the details on how the Financial Services and Credit Panel will operate. This afternoon, the Morrison government asked for feedback relating to ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... (Hayne Royal Commission Response - Better Advice) Bill 2021 in parliament on June 24. Otherwise known as the Better Advice Bill, the proposed legislation will see the remit of the Financial Services and Credit Panel (FSCP) within ASIC expand to regulating ...
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