Originally Posted by Obligation of Disclosure
For example, there is a basic obligation of disclosure. There is a requirement for any class of financial advisor to provide information associated with certain matters.
The matters are—(a) contact details:
(b) the type of financial adviser:
(c) financial adviser services provided (including financial products in relation to which a financial adviser service is provided):
(d) fees:
(e) material interests, relationships, or associations:
(f) remuneration:
(g) dispute resolution arrangements:
(h) professional or business experience relevant to performance of a financial adviser service:
(i) criminal convictions:
(j) disciplinary proceedings:
(k) adverse findings by a court or the Commission:
(l) bankruptcy or other insolvency proceedings:
(m) indemnity insurance:
(n) matters required to be disclosed by the authorised financial adviser's terms and conditions of authorisation.