Financial sector reform and professional advice

Michael A. Adams

    Research output: Contribution to journalArticle

    Abstract

    The Financial Services Reform Act has brought with it a raft of new obligations if one carries on a financial services business - what is financial product advice - exemptions for lawyers and accountants - the 'factual information' exemption - financial product advice and the use of disclaimers - implications stemming from giving advice - providing financial product or personal advice to retail clients - distinctions between advice and information and personal and general advice are not clear - drafting of the legislation is ambiguous.
    Original languageEnglish
    Number of pages7
    JournalCommercial Law Quarterly
    Publication statusPublished - 2002

    Keywords

    • Australia. Financial Services Reform Act 2001
    • financial services industry
    • corporation law
    • Australia

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