Category: Media Release

Latest ASIC levy estimate proves model is unsustainable

ASIC’s levy estimate of at least $1,500 plus $3,138 per financial adviser for FY 2020-21, an increase of $712 from the previous financial year, proves that the current levy model […]

Regulators shoehorning consumers into full-service advice not what consumers want

In response to ASIC’s consultation paper on promoting access to affordable advice for consumers, Stockbrokers and Financial Advisers Association (SAFAA) CEO Judith Fox has called for ASIC and the government […]

SAFAA welcomes streamlining of financial advice regulation to the benefit of retail investors

The Stockbroker and Financial Advisers Association (SAFAA) has always supported high professional standards for those providing stockbroking and investment advice to retail investors in Australia. SAFAA therefore welcomes the government’s […]

Why are SMSF and retail investors missing out on ASX capital raisings during COVID-19?

Retail and self-managed super funds often lose out when listed companies raise capital, and the regulatory framework overseeing equity capital needs to be reformed to remove this anomaly in the […]

SAFAA urges ASIC to ditch unworkable reference checking model for central register

The Stockbrokers and Financial Advisers Association (SAFAA) supports the government’s move to prevent the spread of ‘bad apples’ in the industry, but warns that the draft protocol for reference checking […]

Stockbrokers urge government to work with industry on new disciplinary system for financial advisers

Having developed an effective disciplinary model to enforce… Download PDF