You (as a lawyer) act for a financial planner who is intending to purchase a financial planning business. Your client will be providing financial planning advice in the course of the business. For you to act in the purchase of the business, is it necessary for you to hold an Australian financial services licence under the Financial Services Reform Act 2001 (Cth) (FSRA)?

What best describes the response you should provide?  

Answer rating: 100% (QA)

The best response you should provide to your client is to advise them to consult with a specialist i... View the full answer