
Finance minister Mathias Cormann has announced the government will establish an “industry working group” for consultation ahead of the slated public register of financial advisers.
Specifically the working group will assess the scope and content of the adviser register; whether reporting obligations will be placed on advisers, licensees or both; responsibility for provision and input of adviser data; and a range of relevant privacy law issues.
The composition of the industry working group has not been announced, but the statement says it will begin its consultations shortly and provide a report to government by mid-August.
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The company has issued a statement. ...
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