The financial services commandments

Bailey, Sonnie
July 2010
Money Management;7/8/2010, Vol. 24 Issue 24, p18
Trade Publication
The article talks about Section 912A of the Corporations Act and section 47 of the National Consumer Credit Act 2009 introduced in Australia which articulate standards that a financial services provider should meet. Financial commandments embedded in the Corporation Act require financial advisors to give appropriate advice to their clients. The act also details the general obligations of an Australian Financial Services licensee. Information on consumer credit guidelines is also provided.


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