CP 329 Implementing the Royal Commission recommendations: Advice fee consents and independence disclosure

Released 10 March 2020. Comments close 7 April 2020.

This consultation paper is for persons who provide personal advice to retail clients, superannuation trustees and their professional advisers. It is also for those who use the services of financial advisers. It seeks feedback on our proposed approach to implementing aspects of the law reform arising from Royal Commission Recommendations 2.1, 2.2 and 3.3 relating to advice fee consents and independence disclosure. It also seeks feedback on our proposed approach to guidance on ongoing fee arrangements.

Download

• Consultation Paper 329 (PDF 497 KB)

• Attachment 1 to CP 329 – Draft ASIC Corporations (Consent to Deductions—Ongoing Fee Arrangements) Instrument 2020/XX (PDF 86 KB)

• Attachment 2 to CP 329 – Draft ASIC Superannuation (Consent to Pass on Costs of Providing Advice) Instrument 2020/XX (PDF 75 KB)

• Attachment 3 to CP 329 – Draft ASIC Corporations (Disclosure of Lack of Independence) Instrument 2020/XX (PDF 71 KB)

Related documents

• Report 687 Response to submissions on CP 329 on advice fee consents and independence disclosure
• ASIC Corporations (Consent to Deductions – Ongoing Fee Arrangements) Instrument 2021/124 and Explanatory Statement
• ASIC Corporations (Disclosure of Lack of Independence) Instrument 2021/125 and Explanatory Statement
• ASIC Superannuation (Consent to Pass on Costs of Providing Advice) Instrument 2021/126 and Explanatory Statement
• 21-058MR ASIC releases advice fee consent and lack of independence disclosure instruments