The Financial Planning Association (FPA) has moved to underpin its bid to become a code-monitoring body with two key appointments to its Conduct Review Commission (CRC).
The FPA announced today that Graham McDonald had been appointed to chair the commission with Dale Boucher announced as deputy chair.
The CRC is an independently chaired tribunal that hears and determines disciplinary complaints, holding FPA members accountable to high standards of ethics and professionalism.
The appointments were made on the recommendation of an independent selection committee chaired by former Labor parliamentarian, Bernie Ripoll.
McDonald is solicitor and barrister and former Presidential member of the Administrative Appeals Tribunal (AAT), having also served as a banking ombudsman and as chair of the Superannuation Complaints Tribunal (SCT).
McDonald’s appointment includes the newly created role of Independent Code Administrator (ICA) for the FPA Professional Ongoing Fees Code, the FPA’s ASIC-approved code. His term as chair is for three years.
Boucher is currently the chief executive of the Legal Services Council and will begin in his new role on 1 July.
Boucher also has a strong legal background, having been with the Australian Government Solicitor, Minter Ellison in Canberra and chairman of the Tax Practitioners Board and the Mortgage and Finance Association of Australia Tribunal.