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The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advisers understand their obligations, alongside the Quality of Advice Review.
Clearer regulation and legislation for financial services is on the horizon as the Australian Law Reform Commission’s inquiry, first launched in September 2020, is tabled in Parliament today.
Treasurer Jim Chalmers is being pressed to reform corporate laws after the Australian Law Reform Commission found they are overly long and complex.
A major new report has been tabled in Parliament putting forward recommednations to reform “tortuous” financial services legislation.