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Showing 1 - 10 of 12 results for "New Class of Advisers"

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... adviser regime would initially apply only to APRA-regulated superannuation and life insurance entities. The New Class of Advisers will be prohibited from receiving commissions, bonuses and volume-based payments, which Treasury said are features of sales-driven ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... when any types of draft laws will drop. He admits that DBFO Tranche 2, which includes the possibility of a new class of advisers, is "complex" but is still a top priority. The only reform making a hint of advancement is Treasury recently opening another ...

Process to become an adviser remains 'unattractive': SMSFA

MATTHEW WAI  |  THURSDAY, 19 FEB 2026
... ballooning costs of the Compensation Scheme of Last Resort (CSLR). These reforms were crucial to introducing a new class of advisers and streamlining the intricate process for more entrants, but were exacerbated by several universities dropping financial ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
... he says. Overwhelmed In late 2023, when former financial services minister Stephen Jones broached that a new class of advisers (NCA) can help make advice more accessible and affordable, he directly pointed to superannuation funds. As part of the Delivering ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... the regulations," Jones said. "I can categorically state that this is not some back door attempt to have new class of advisers providing a full range of advice - comprehensive advice - on all things financial. "It wasn't what we announced, and it's ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... second phase is meant to simplify the best interest duty, remove the safe harbor steps, and introduce a new class of advisers. "But I reaffirm that we are committed to modernising the best interests duty and reforming statements of advice. Just as we ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... to see the government's recognition of the importance of this." Licensees will also be able to employ the new class of advisers but will only be able to charge a direct fee for the advice provided; the new class will not be able to charge ongoing fees ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... Professional reputations could be harmed if the government does not distinctly delineate between its proposed new class of advisers (NCAs) and financial advisers, the Financial Advice Association Australia (FAAA) warns in anticipation of the looming ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... 2 of the Delivering Better Financial Outcomes (DBFO) reforms, SoAs will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds, and life insurance firms will be able to provide simple advice.
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