This is why is probably won't deal with personal advice clients who specify 'ESG' requirements. There is nothing stopping a client from complaining if their cash, for example, was held in a bank account and the bank provided loans to fossil fuel or mining companies etc. The way ASIC nit-picks behaviours and has power to impose financial penalties for inadvertent errors/oversights is ridiculous. BTW, I love the way ASIC will be charging me over $3K in levy as a financial advisor this year, despite the fact that I have no clients yet. Whatever happened to the Royal Commission sanctions against those charging fees for no service? ASIC is the absolute worst example of charging fees for no service, when it comes to their 'cost recovery' charges on individual financial advisors in order to recoup the cost of their 'oversight' of the advice industry (when most of the behaviour requiring increased 'oversight' was done by the big four banks, who have all pulled out of the advice business, so are no longer paying ASIC for 'oversight' of financial advisors.