When Financial Services Minister Stephen Jones delivered the government’s response to the QAR in June, the introduction of a “good advice” standard was not included, however, under the first stream of changes, the government said it would eliminate the safe Harbour steps from the best interests duty.
Speaking at the SMSF Association Technical Summit on the Gold Coast, Ms Levy said the safe harbour has muddled the best interests duty under the Corporations Act and its removal is not enough to set things straight.
“You’ve got a best interest duty in the Corporations…
