In the lead up to Christmas, the Assistant Treasurer, Senator Arthur Sinodinos, announced a number of proposed refinements to the financial services laws.
His proposed refinements were clear, generally well received and explicitly designed to deliver affordable and accessible financial advice (ironically by changing the measures introduced by the previous government to deliver affordable and accessible financial advice).
No legislation or regulation has been published.
No changes are currently required to be made to the openAFSL system.
For an assessment of the proposed refinements please read Assured Support's analysis.