Some fair points, however bear in mind that dealer group compliance requirements are not the same as ASIC's requirements. Dealer groups have many extra layers of compliance that are not legally required. They do this to protect themselves from errors and oversights that are harder to keep track of in big organisations , and from the rogue advisers they tolerate who are "big writers" of the dealer group's inhouse products. The advisers who get put through the wringer and are sacrificed to ASIC on a technicality, are typically those who haven't sold enough inhouse products.
If you became self licensed, or joined a small independent licensee, I think you would find it easier to do business.
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