Anna is a partner in a multi-partner advisory firm, where all of the partners have expertise in different areas. Anna does not have expertise in SMSF but Peter, another partner, does. Anna has a new client - Greg - and he would like to receive advice in relation to SMSF, so Anna refers Greg to Peter who competently advises him.

 

As both Anna and Peter will benefit (through the partnership) in retaining Greg as a client, is there a conflict of interest? Why do you think this is the case? Which of the standards in the Code of Ethics applies here and why?

Answer rating: 100% (QA)

In the given scenario there is a potential conflict of interest between Anna and Peter The conflict ... View the full answer