Powered by MOMENTUM MEDIA
subscribe to our newsletter
SMSFA lauds draft new legislation

SMSFA lauds draft new legislation

Reporter
07 December 2015 — 1 minute read

The SMSF Association has welcomed draft new legislation aimed at raising the standards of professional advice.

SMSFA said the draft legislation represents an “important step” towards giving Australian investors better financial advice.

The legislation is scheduled to be introduced in February, and expected to be passed by June 2016.

“We have consistently supported the general thrust of the recommendations made by the Financial System Inquiry and the PJC reports to improve the standards of financial advice and build professionalism,” said the SMSFA’s managing director and chief executive, Andrea Slattery.

“Raising the educational standard for financial advisors is critical to ensure consumers get the quality of advice they have the right to expect and to grow a financial advice industry that has trust as a core building block," she said.

“It’s also imperative that all financial advisers operate under a code of ethics as a way of increasing the professionalism of financial advice.”

SMSFA lauds draft new legislation
smsfadviser logo
join the discussion

Do you think the government should reinstate the accountants’ exemption for SMSF advice?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super