Why does the statement cover advice not specifically regulated under FSRA?
A. There are matters related to the provision of financial advisory services to clients as we define them that are not currently subject to licensing. CPA Australia expects all members to adhere to industry best practice whether or not it is technically the subject of FSR regulation. The FSRA only relates to a specific aspect of financial advice, that is product recommendations. Financial advice incorporates other elements, such as advice on loans.
