Broadly outline the regulatory regime governing the financial planning industry in Australia. In your answer, ensure you include discussion of the regulators, circumstances in which regulatory provisions apply, the need for an Australian Financial Services Licence; education and training requirements; disclosure documents; and duties of the adviser.

Answer rating: 100% (QA)

Australian financial services licence AFSL A person who carries on a financial services business in Australia must hold an AFSL or otherwise be exempt from the requirement to be licensed The Corporati... View the full answer