Beata Kuczynska

2 months ago | professionalplanner.com.au | Chris Dastoor |Beata Kuczynska |Simon Hoyle |Darcy Song

David Bell (left) and Geoff Warren

2 months ago | professionalplanner.com.au | Beata Kuczynska |Aleks Vickovich |Chris Dastoor

The Albanese government has released draft law on Tranche 2 of Delivering Better Financial Outcomes, unveiling the replacement of Statements of Advice with the new "Client Advice Record" required to be kept on file but not issued to clients unless requested. The more controversial changes to the Best Interests Duty and introduction of a “new class of adviser” were left out, as foreshadowed by Professional Planner.