The client should decide if the fee is reasonable, not ASIC. Their obsession with financial advice fees needs to end. This is FASEA's job now. ASIC should turn their attention to the job that should always have been number one on their agenda - preventing fraud and scams. ASIC are a rotten failure in this space, demonstrated by the ease in which a 21 year old was able to extra $10M plus of Aussies life savings under their watch. Not to mention all of the other scams we continue to hear about almost on a daily basis.
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