Ms Walter has been reappointed from 11 April 2021 and will “continue to work with the Board consulting on and refining the Standards for Financial Advisers that remain under FASEA’s responsibility until the organisation is wound up”, according to a statement from senator Jane Hume.
Ms Walter was first appointed as the chair of FASEA in 2017. She is a director of the RBA’s payments system board and was previously the managing partner of the Melbourne office of Clayton Utz. She has served on the boards of the ASX and NAB.
“Nice work if you can get it and FASEA dont get it all the time” (apologies to Gershwin)
One wonders what would have occurred had the Chair identified as male.
According to some sources, this lady was a mentor to the worst financial services minister in history -Ms O’Dwyer. Which begs the question – is our current minister from the same cosy coterie. It is also puzzling why this person has not taken the hint and resigned from what is, by any measure, a failed policy
The Liberals will lose the next Federal election. Morrison jumps from one band wagon to another depending on the media focus, whilst totally forgetting that the Liberals are meant to support small business. They are beholden to only big business and will pay the price.
FARCE-IA should have been “wound up” many months ago. It is an abject embarrassment to our once great industry. This article is about nothing more than musical chairs as far as any thinking adviser would be concerned. Unbelievable that in 2021 we still have to endure the lowest common denominator of society in positions of government like this – beggars belief with these complete fools.
Sounds reasonable.
and the board should be ashamed of their record with FASEA. It is in such a bad state, the government saw no other option but to wind it up. They should do the honorable thing and resign immediately. FASEA could have been a beacon of light for this profession. Instead we are now left with no standards board, we have an unworkable code of ethics, an exam mired in secrecy that reeks of a pass-mark which is being rigged to produce a desired outcome, a professional year that is driving away new entrants and a qualifications framework that is unfair on older advisers and not in-line with the mandate given to it by the Government. I hope Walter and the board are never again granted positions of power by the current and any future Government.
You forgot to mention education rules which have been designed to maximise course and textbook revenue for certain FASEA Board members.
IF you are not part of the problem then you must be part of the solution??????????