This consultation process has now been completed.
Date
-
Consultation Type
Exposure Draft Legislation
Key documents
Exposure draft - PDF 331KB
Exposure draft - DOCX 92KB
Explanatory materials - PDF 502KB
Explanatory materials - DOCX 226KB
Advice through Superannuation - PDF 454KB
Advice through Superannuation - DOCX 159KB
Draft legislation delivering the next tranche of the Government’s financial advice reforms has been released for consultation.
These measures:
- replace the statement of advice with a more fit-for-purpose client advice record
- provide clear rules on what advice topics can be collectively charged for via superannuation
- allow superannuation funds to provide targeted prompts to members to drive greater engagement with superannuation at key life stages
The Government invites feedback to ensure that the reforms deliver on their objectives and operate effectively across all parts of the financial advice industry. Consultation closes on 2 May 2025.