AFA urges ALP to drop amendments and pass bill
The Australian Labor Party (ALP) has reassured the Association of Financial Adviser (AFA) that it will be supporting legislation extending the Financial Adviser Standards and Ethics Authority (FASEA) exam timetable.
However, at the same time, the Federal Opposition has acknowledged it was to debate other amendments to the Government’s omnibus bill – something which will delay the FASEA exam extension perhaps well beyond May.
It is in these circumstances that the AFA has called on the ALP to put aside its amendments to allow the key FASEA extension legislation to pass.
In a message sent to members overnight, AFA chief executive, Phil Kewin said the Shadow Minister for Financial Services, Stephen Jones had made contact to explain the Federal Opposition’s position.
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