Senate debates

Tuesday, 25 March 2014

Questions without Notice: Take Note of Answers

Future of Financial Advice

3:29 pm

Photo of Mehmet TillemMehmet Tillem (Victoria, Australian Labor Party) Share this | Hansard source

The best-interest proposal will no longer apply to one-off advice between financial advisers and their clients. This will mean unscrupulous financial advisers can now make their one-off dodgy sales pitch to a client and sign them up to an investment that is certainly not in their best interests. (Time expired)

Question agreed to.

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