The removal of the Safe Harbour steps and streamlining of SOA's is just a necessary step to enable the government to legislate to allow for the introduction of Sales People (called Qualified Advisers) into the Industry Funds and back into Banks and Insurance companies to sell products to uninformed Australians.

Tell me how having sales people called Qualified Advisers doesn't water down the value of a Professional Adviser who is properly qualified and experienced and tell me how this will not confuses Australians seeking sound retirment and protection advice? Those Australians getting advice from "Jones's Qualified Advisers" will not know the difference (on face value) between highly qualified Professional advisers until its too late!
This is a joke... FCS / Industry Funds ask... And they get!!! There is zero care by the Minister Jones and his Government on how this will impact both the Advice Industry, Professional Advisors and how it will impact Australians financial advice outcomes....

introduce sales people (to be called qualifed Advisers) int