In everyone's best interests

Hills, Samantha; Holley, Grant
May 2013
Money Management;5/2/2013, Vol. 27 Issue 16, p18
Trade Publication
The article reports on the best interests duty and its obligations under the section 961B of the Corporations Act 2001 which will take effect on July 1, 2013 in Australia. It says that the new duty and associated obligations are shaped in two areas, mechanics and motivation. Meanwhile, it notes other areas which regulate the relationship between investment advisers and clients which include equity, contract law, and negligence law.


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