How is the financial advice industry regulated in Australia?
I need information on the regulatory framework governing financial advisors in Australia.
Category: Banking & Finance
Location: Cidra
Location: Cidra
Answers
The financial advice industry in Australia is regulated by ASIC, which requires advisors to be licensed and comply with the Corporations Act 2001.
6 months ago
Advisors must adhere to the Best Interests Duty, which mandates that they act in the best interests of their clients when providing advice.
6 months ago
Related Questions
- Resign First or Lodge Fair Work Claim?
- Can I Claim Costs After a Discontinued Prosecution in Queensland?
- Compensation for Stolen Curtains from Rental Property - NSW
- Brisbane Accident - Recovering Additional Car Value from At-Fault Driver Through QCAT?
- What are the immediate steps the employee can take to respond to the injunction order and prepare for the show-cause meeting, even without a lawyer?
- What recent changes have occurred in work claims legislation?
- What are the rules for exporting goods from Australia?
- How can businesses ensure compliance with Australia's trade laws?
- What are the penalties for violating trade laws in Australia?
- How do Australian businesses navigate export controls and sanctions?
- View all answers