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Association of Financial Advisers (AFA) acting chief executive, Phil Anderson said that it had always been inevitable that the establishment of the single disciplinary body would bring another layer of cost and it was important to recognise the impact. He said the AFA would be making a comprehensive submission to Treasury responding to the exposure draft legislation which would include pointing out the manner in which financial advisers and licensees were already being impacted by regulatory costs. A number of dealer group executives told Money Management that they believed the Government should be urged to use the establishment of the single disciplinary body as a catalyst for an overall review of the regulatory layers, particularly in circumstances where the Financial Adviser Standards and Ethics Authority (FASEA) was being removed, and the those of the Tax Practitioners Board (TPB) subject to some consolidation.

Phil andersonInvestments commissionEthics authorityAssociation of financial advisersFederal governmentFinancial advisersMoney managementFinancial adviser standardsTax practitioners boardAustralian securitiesSingle disciplinary bodyYa seaPhil andersonபில் ஆண்டர்சன்முதலீடுகள் தரகுநெறிமுறைகள் அதிகாரம்