The Financial Services Council (FSC) welcomes the careful and consultative approach the Assistant Treasurer Dr Daniel Mulino has taken with the Treasury consultation released today in considering how to exercise his discretion to impose a special levy to meet the significant funding shortfall in the costs of the Compensation Scheme of Last Resort (CSLR).
The Financial Services Council (FSC) today releases a Green Paper examining the case for reforming Australia’s financial advice licensing framework to better protect consumers, support a diverse and professional advice sector, and ensure the regulatory model remains fit for purpose in a changing environment.