SEARCH

FOFA amendments open for consultation

The federal government has released draft regulations, seeking public consultation on the promised amendments to the Future of Financial Advice.

Advertisement
Advertisement
>In a statement released today, Assistant Treasurer Arthur Sinodinos announced the release of draft regulations and legislation – in the form of the new Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 – indicating good progress on the timeline set by the government in November.

The statement said the government now intends to implement a number of “time sensitive” measures outlined in the regulations “as soon as possible”, while other amendments will need to go to a parliamentary vote to be amended via the primary legislation.

Industry stakeholders are invited to submit consultation papers responding to the draft regulations over the next three weeks, with submissions closing 19 February.

The newly-released draft regulations and legislation can be found here: http://futureofadvice.treasury.gov.au/content/Content.aspx?doc=consultation/fofa_amendments/default.htm

FOFA amendments open for consultation
default
ifa logo

The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

latest news

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.