John Madigan (Victoria, Democratic Labor Party) Share this | Hansard source

In December last year, you announced reforms to the Future of Financial Advice legislation. It was asserted that the previous government's reforms went too far, creating unnecessary complexity, imposing significant burdens on industry, and reducing the availability and increasing the cost of advice to consumers. Can the minister outline how amending the existing grandfathering provisions to ensure that advisers can move between licensees whilst continuing to access grandfathered benefits will assist their current clients to receive the best returns on their financial investments?