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

My question is to the Acting Assistant Treasurer, Senator Cormann. I refer to the Acting Assistant Treasurer's recent announcement on future of financial advice requirements. Does the minister's removal of the catch-all provision for advisers to act in the best interests of their clients combined with the proposal to allow for agreement on the scope of financial advice mean that advisers could get a client to agree to a scope of advice which a reasonable adviser would know is not in their client's best interests?