Best political speech in two yearsBY PHIL ANDERSON | WEDNESDAY, 3 MAR 2021 11:36AM In the debate on the Hayne Royal Commission Response Bill 2020 (on annual renewal) in the Senate on 25 February 2021, there was one speech that stood out head and shoulders above ... Upgrade your subscription to access this article
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Whilst I agree with the sentiments expressed Phil, opt-in is only one small area where the consequences of government policy is continuing to increase the cost for advisors to provide financial advice.
The most recently diabolic onslaught is by ASIC making a 'cost' recovery claim against advisors for them to do the job that the government tasked them with doing. They already receive taxpayer funding for applying the regulations, why then are we being levied to pay the costs of their investigation - and their litigation - against the industry. Most of us would cop it for the cost of their education and support, but to pay them to investigate a small number of the advisors is unacceptable.
Well said Senator Brockman!