Wholesale and Retail Clients - Options Paper
As part of the Future of Financial Advice (FOFA) reforms, the Government announced that it would consider the appropriateness of the distinction between wholesale and retail clients.
The Government sought the views of interested parties on the options presented in this paper for the criterion under which a client is considered to be wholesale or retail in the context of the receipt of financial advice.
Submissions for this consultation closed on Friday, 25 February 2011.
To date forty-five submissions have been received in response to this consultation. Thirty-one of these are public submissions and there are fourteen confidential. The public submissions are listed below.
|Association of ARP Unitholders Incorporated||1.2MB|
|Australian and New Zealand Banking Group Limited||4.2MB|
|Australian Association of Angel Investors Limited||480KB|
|Australian Bankers’ Association Inc||100KB|
|Australian Financial Markets Association||193KB|
|AXA Financial Planning and Charter Financial Planning||57KB|
|Barclays Capital Australia||21KB|
|BT Financial Group||394KB|
|Burrell Stockbroking & Superannuation||308KB|
|Chartered Secretaries Australia||130KB|
|FIIG Securities Limited||3.5MB|
|Financial Planning Association of Australia||83KB|
|Financial Ombudsman Service||2.1MB|
|Financial Services Council||155KB|
|G A Cossar & Co Pty Ltd||36KB|
|Halsey Legal Services||118KB|
|Henry Davis York Lawyers||202KB|
|IG Markets Limited||1.6MB|
|Industry Super Network||621KB|
|Johnson Winter & Slattery||102KB|
|Law Council of Australia||80KB|
|McMahon Clarke Legal||216KB|
|Morgan Stanley Smith Barney Australia||115KB|
|Self-Managed Super Funds Professional Association of Australia||131KB|
|Standards and Poor||2.5MB|
|Stockbrokers Association of Australia||176KB|
|Trustee Corporations Association of Australia||28KB|
The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or The Treasury.