Having been in consultation with the Coalition in opposition for a number of years, AFA chief executive Brad Fox said the changes in part reflected the hard work of the association and its members.
“It is important for our members to understand that the AFA has engaged with the Coalition for many years, including during their time in opposition,” he said. “We support these amendments because they are consistent with achieving the AFA’s aim of great advice for more Australians.”
“We are therefore very pleased that our consultation with the Coalition over the last four years has helped shape these prudent amendments.
“After several difficult years, where financial advisers and planners have had uncertainty and agenda-driven policy forced upon them, this is a positive note upon which to end 2013.”
