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PAA: Draft bill essentially 'demoting the AFAs'

Tuesday 4th of April 2017

The association made a submission on the draft Financial Services Legislation Amendment Bill.

The bill is set to create a more level playing field for advisers than the current AFA, RFA and QFE designations – although competence requirements will be determined by a code of conduct that will be tailored to different types of advice.

In its submission, the PAA said there was a risk...

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