Advertisements

Treasury still vague on Better Advice detail

Advisers are still in the dark about exactly how ASIC’s disciplinary body will work and what matters will go on their permanent record, after Treasury conceded the details of the Better Advice bill won’t be ready in time for Parliament to vote on.

Treasury officials were grilled about the timing of regulations meant to set out important details of the bill – which were introduced to Parliament at the end of the June sitting – in a hearing of the Senate economics committee last week.

Read more at Independent Financial Adviser.

Share This