Senate debates
Tuesday, 25 March 2014
Questions without Notice: Take Note of Answers
Future of Financial Advice
3:29 pm
Mehmet Tillem (Victoria, Australian Labor Party) Share this | Hansard source
The best-interest proposal will no longer apply to one-off advice between financial advisers and their clients. This will mean unscrupulous financial advisers can now make their one-off dodgy sales pitch to a client and sign them up to an investment that is certainly not in their best interests. (Time expired)
Question agreed to.
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