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Future of financial advice



What's new

More what's new


Overview of FOFA reforms

Commencement of FOFA reforms

ASIC's facilitative approach to the new regime

Further background to FOFA reforms

ASIC consultation and guidance on specific FOFA topics including:
  • ASIC powers
  • Conflicted remuneration
  • Best interests duty
  • Scaled advice
  • Fees disclosure
  • Codes approval
Further legislative consultation on:
  • Replacement of accountants’ exemption with a new limited Australian financial services licence
  • Restriction on use of the terms 'financial adviser' and 'financial planner'.

How to elect to comply with FOFA reforms as an early adopter

View register of early adopters of FOFA

Releases ASIC has issued on FOFA


Need to know more?


Sign up to receive email updates from ASIC about Future of Financial Advice developments.

ASIC has produced regulatory guidance to help industry and other stakeholders understand the new FOFA requirements and how they can comply with them. If after reading our regulatory guidance you still have general questions about the FOFA obligations or ASIC's implementation plans, you can email the FOFA team.

Please note that ASIC cannot provide legal advice. If you have questions about how FOFA applies to your specific business or circumstances we will have to recommend that you obtain your own legal advice.

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