Category Archives: AFA News

AFA welcomes ASIC no-action position for FDS and opt-in obligations for Victoria

SYDNEY: 22 SEPTEMBER 2020 – The Association of Financial Advisers (AFA) welcomes yesterday’s Australian Securities and Investments Commission (ASIC) announcement providing relief, via a no-action position for fee disclosure statement (FDS) and opt-in obligations, for advice businesses located solely, or substantially, in Victoria. The AFA is sharing a Member Alert sent to Victorian members today, explaining the current obligations and ASIC’s […]

FASEA update – October exam sitting for Melbourne advisers

AFA News 23 September 2020. Due to the Stage 4 restrictions in Melbourne, FASEA has advised that the physical exam location in Melbourne for the October 2020 exam is closed.  Any financial adviser who registered for the October exam in Melbourne has the option of; deferring until November (or later) or completing the exam via […]

ASIC announces no action position for FDS and Opt-in obligations for Victoria

AFA News 22 September 2020. Yesterday ASIC announced relief, via a no action position for FDS and Opt-in obligations, for advice businesses where they are solely, or a substantial part of the business, is located in Victoria. You can read the announcement under the heading “What is ASIC doing to assist financial advice businesses that […]

Expressions of interest – AFA External Director

16 September,2020 – We have a new opportunity available for an AFA External Director. Please see the role profile below. All expressions of interest to be submitted to Lydia Tan: by close of business 9 October 2020. AFA External Director  About the business The Association of Financial Advisers Limited (AFA) has served the financial […]

APRA Income Protection Blueprint imminent

AFA News 16 September 2020. In December last year, APRA announced plans to intervene in the Income Protection market.  They consulted on the detail of these changes, however, the removal of agreed value was not negotiable and came into effect from 1 April 2020.  As part of our joint AFA/FPA Life Insurance Taskforce, we initiated […]