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FASEA axed, FDS and OSA docs to merge in landmark day for advice – Professional Planner

FASEA will have its functions spread across Treasury and a single disciplinary body sitting within ASIC, while – in a much-needed compliance win for advisers –…

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FASEA will be disbanded and have its role divided up between Treasury and ASICs Financial Services and Credit Panel (FSCP) which will become the industrys long-awaited single disciplinary body in a raft of changes to the advice industry announced today by the Morrison government.
Separately, fee disclosure statements and annual ongoing fee renewal will be merged into a single document as part of several amendments presented to parliament today in the second Bill implementing recommendations from…

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