Better Advice Act Broadens ASIC's Regulatory Responsibilities

<ul> <li><span>ASIC&rsquo;s responsibilities in respect of the financial advice industry will be broadened under the Better Advice Act.</span></li> <li><span>From 1 January 2022, the role of the FSCP will be expanded and ASIC will take on the administration of the financial adviser exam. From 1 January 2023 all financial advisers must be registered</span></li> <li><span>ASIC will continue to work closely with Treasury, FASEA and the TPB to ensure a smooth transition of functions.</span></li> </ul>

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