Hey gang of seven, what are you implying? ASIC has idea no of the amount of work involved in servicing individual account holders. Our businesses are being monstered as I write. If it gets to the stage where regulator interferes with my income as a self employed financial planner, then it is time to hang up my shingle. I pay a fee to ASIC, fees to TASA, fees to the FPA, fee to my licensee. ASIC must realise that you cannot get consistency across the field. People are very happy to pay for peace of mind. Consider Steve's valid comment.
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