1. The Financial Services Industry
... they can ask to have their contract changed so that they can better meet their repayments. In 2012, the Future of Financial Advice package Legislation was passed by the federal government , which provides greater protection for investors by tightening up on the: duties and commission payments of financial planners and types of products they are allowed to recommend ... . They also provide financial information to Australian law enforcement and revenue agencies. The Financial Reporting Council (FRC) is a statutory body responsible for providing broad oversight of the process for setting ac...
- Word Count: 1272
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate