“It is important the system not become clogged with minor, technical or inadvertent breaches that would not otherwise be significant. “SAFAA welcomes the change to the bill that provides ASIC must only convene a panel in prescribed circumstances. We hope that this ensures that the panel only deals with material matters.” It also recommended: To remove the requirement for additional education and training standards for tax (financial) advisers; To find a solution that enabled advisers who don’t provide advice to retail clients and were not on the Financial Adviser Register (FAR) to continue to provide tax (financial advice) to wholesale clients;