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Showing 1 - 10 of 181 results for "Code of Ethics"

Advisers reprimanded over fee-for-no-service conduct

MATTHEW WAI | WEDNESDAY, 22 APR 2026

... licensee. As a result, the panel said the relevant provider contravened s921E(3) of the Corporations Act 2001, and the Code of Ethics 's values of trustworthiness and diligence and breached Standards 2 and 7. In a separate determination, an adviser was ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON | THURSDAY, 26 MAR 2026

... services law and therefore also didn't comply with Standard 5 (client care) or Standard 9 (quality process) of the Code of Ethics. The laws the adviser is said to have breached were s961B(1), s961G, s947D, and s921E(3). This means the adviser did ...

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI | TUESDAY, 11 MAR 2025

... resurgence of the unlawful methodology has been condemned by the SMSFA and goes against financial advisers' Code of Ethics. "The code imposes certain obligations on financial advisers, including acting in accordance with applicable laws, acting in ...

FSCP deregisters adviser for two years

KARREN VERGARA | WEDNESDAY, 12 FEB 2025

A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ...

FSCP orders adviser to undertake further education

KARREN VERGARA | WEDNESDAY, 5 FEB 2025

... covering retirement planning in the next 12 months. The FSCP added that the adviser "did not demonstrate the FASEA Code of Ethics' Value of Diligence and failed to comply with Standard 5 which includes the requirement that all advice a relevant provider ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA | MONDAY, 16 DEC 2024

... circumstances. Finally, under section 921E(3), the adviser did not demonstrate the value of diligence under the Code of Ethics. In another case, "Mr. W" two years ago recommended a client make a tax-deductible contribution to superannuation to reduce ...

Self-regulation on the cards: FAAA

KARREN VERGARA | THURSDAY, 28 NOV 2024

... our standards, and we believe that we are now ready and most qualified to take control of education and training, code of ethics, and disciplinary regime," he told the annual FAAA Congress held in Brisbane. "We are a profession. We should expect to be ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON | MONDAY, 25 NOV 2024

... be substantiated," the FSCP said. "The Sitting Panel found that the relevant provider failed to demonstrate the Code of Ethics' values of competence, fairness and diligence and breached Standards 1, 2, 5, 6 and 8." Reid will be able to provide advice ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA | TUESDAY, 14 MAY 2024

... Commission with a remit approving the education standards for advisers, mandatory exam, and the profession's code of ethics. Fox added that professionals working in capital markets have traditionally recruited the "best of the best from the group ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON | FRIDAY, 1 DEC 2023

... Other arguments included that Townshend was under the impression that independence requirements laid out in the Code of Ethics "did not apply to SMSFs because the relevant provisions appear on their face to be directed to members of an audit team rather ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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