You've got to be Bl**dy kidding! "Spread the recovery of regulatory costs relating to unlicensed activity across the relevant sector:.
They want to charge licenced financial planners for enforcing unlicenced advice! Who is in charge of coming up with these recommendations? Bozo the clown?
If they want to recover their so called $3,000 per adviser, our AFSL with 2 planners with 100 ongoing clients and never a complaint, will be up for $8,400pa, including the fixed fees. Gee that's going to make financial advice cheaper. We charge them $840 each before we even pick up a pen.
Great work you imbeciles.