FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Boat Loans Australia
financing your boating dreams
Boat Loans Australia :: News
SHARE

Share this news item!

ASIC Unveils Updated Guidance to Strengthen Financial Advice Standards

ASIC Unveils Updated Guidance to Strengthen Financial Advice Standards

ASIC Unveils Updated Guidance to Strengthen Financial Advice Standards?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Securities and Investments Commission (ASIC) has rolled out a fresh set of guidelines aimed at enhancing the quality of financial advice in the wake of significant legislative reforms.
This move aligns with the recently enacted Treasury Laws Amendments (Delivering Better Financial Outcomes and Other Measures) Act 2024, which is designed to foster better financial outcomes for consumers.

The new guidance comprises several key information sheets tailored specifically for financial advisers. These sheets provide essential clarifications on various aspects of client interactions and consent requirements, crucial for maintaining regulatory compliance.

  • Information Sheet 286 FAQs: Ongoing fee arrangements and consents (INFO 286) - This document offers answers to common questions surrounding the necessity for written consent from clients prior to entering or renewing ongoing fee arrangements.
  • Information Sheet 287 FAQs: Non-ongoing fee requests or consents (INFO 287) - Focused on non-ongoing fees, this resource elaborates on the need for clients' written permission when charging such fees against their superannuation accounts.
  • Information Sheet 291 FAQs: FSGs and website disclosure information (INFO 291) - This sheet clarifies obligations concerning Financial Services Guides (FSGs) and the requisite disclosures on websites.
  • Information Sheet 292 FAQs: Informed consents for insurance commissions (INFO 292) - It outlines the requirements to obtain informed consent to avoid potential conflicts of interest related to certain insurance commissions.

This initiative comes at a time when there is a growing demand for transparency and accountability within the financial services sector. ASIC’s proactive approach in providing these updates reflects its commitment to ensuring that financial advisers are equipped with the knowledge necessary to navigate the complexities of client consent effectively.

Looking ahead, ASIC has indicated that additional guidance will follow once the second phase of the Government’s Delivering Better Financial Outcomes package is legislated. This continuous enhancement in regulatory guidance signifies ASIC’s ongoing efforts to adapt to the evolving financial landscape and consumer needs.

As firms begin to integrate these updates into their practices, industry stakeholders are urged to closely evaluate their current processes for client consent to ensure full compliance with the new requirements. The clarity provided by these information sheets is expected to assist advisers in better servicing their clients while upholding the integrity of the financial advisory profession.

For financial professionals looking to deepen their understanding of these updates, ASIC encourages ongoing education and training. Subscribing to relevant newsletters and exploring video courses can provide valuable insights and ensure advisers stay ahead in this dynamic field.

These updates convey a clear message: a commitment to empowering consumers with better financial advice and outcomes is central to the future of the industry. As stated by David Jacobson, Principal at Bright Corporate Law, maintaining adherence to these updated standards is crucial for fostering trust in financial advice.

For more detailed information, visit the ASIC website or consult specific guidelines outlined in the published sheets. Staying informed and proactive will be essential for financial advisers seeking to thrive in a post-reform environment.

Published:Tuesday, 14th Jan 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

BIA's 'Go Boating SA' Initiative Aims to Boost Safe Boating Practices
BIA's 'Go Boating SA' Initiative Aims to Boost Safe Boating Practices
04 Feb 2026: Paige Estritori
The Boating Industry Association (BIA) has recently unveiled the 'Go Boating SA' campaign, a strategic initiative designed to promote safe and enjoyable boating experiences across South Australia. This campaign underscores the BIA's commitment to enhancing the state's marine industry and fostering community engagement. - read more
Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park
Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park
04 Feb 2026: Paige Estritori
The Sydney Boat Show is set to make a grand return in 2026, with plans to expand its exhibition at Sydney Olympic Park from July 30 to August 2. This development marks a significant evolution for the event, aiming to provide an enhanced experience for boating enthusiasts and industry professionals alike. - read more
BIA and AFTA Unite to Bolster Australia's Boating and Fishing Industries
BIA and AFTA Unite to Bolster Australia's Boating and Fishing Industries
04 Feb 2026: Paige Estritori
In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalised an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
Australian Boating Industry Reports Steady $10.2 Billion Turnover
Australian Boating Industry Reports Steady $10.2 Billion Turnover
27 Jan 2026: Paige Estritori
The Australian boating industry has demonstrated remarkable resilience, maintaining a steady turnover of $10.2 billion for the 2024-25 financial year. This figure, consistent with the previous year's record, underscores the sector's stability amidst evolving economic conditions. - read more
Yamaha Maintains Leadership in Australia's Marine Market Amidst Industry Stabilisation
Yamaha Maintains Leadership in Australia's Marine Market Amidst Industry Stabilisation
27 Jan 2026: Paige Estritori
As the Australian boating industry approaches the 2025 summer season, recent data indicates a stabilising market with Yamaha retaining its position as the most-searched marine brand. According to Retain Media's Q3 2025 Marine Market Brand Consideration Report, Yamaha holds an 8.4% share of search interest, maintaining its lead despite a modest 7.6% quarterly decline. - read more
BIA and AFTA Forge Partnership to Strengthen Australia's Boating and Fishing Industries
BIA and AFTA Forge Partnership to Strengthen Australia's Boating and Fishing Industries
27 Jan 2026: Paige Estritori
In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalised an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
Click for more Finance News


Boat Loans Articles

How to Choose the Best Marine Insurance Policy While Financing Your Boat
How to Choose the Best Marine Insurance Policy While Financing Your Boat
Welcome, fellow boating enthusiasts! Whether you're looking to sail the coasts of Australia or enjoy leisurely days on the water, financing a boat can be a thrilling adventure. However, securing the right marine insurance policy goes hand-in-hand with this exciting journey, and it's an absolute must. - read more
Financing Your Dream Boat? Here's What You Need to Know about Insurance
Financing Your Dream Boat? Here's What You Need to Know about Insurance
Purchasing your dream boat brings with it a rush of excitement and a sense of freedom unparalleled by the confines of land. Whether you envision serene days sailing crystalline waters or action-packed fishing adventures, owning a boat provides an escape to a world of aquatic possibilities. As you prepare to navigate the open seas or tranquil lakes, it's crucial to consider not just the wind in your sails, but also the protection of your new vessel. - read more
Your First Boat: Financing Strategies Every New Buyer Should Know
Your First Boat: Financing Strategies Every New Buyer Should Know
Understanding the excitement of being a first-time boat buyer is essential. There’s something truly exhilarating about the idea of cruising on open waters, enjoying sunsets, and creating lasting memories with friends and family. However, alongside this excitement comes the reality of making a significant investment. - read more
Budgeting Blunders: Common Errors in Boat Financing Explained
Budgeting Blunders: Common Errors in Boat Financing Explained
A boat loan can be defined as a type of financing tailored specifically to help buyers acquire a boat. It serves a crucial role in making the dream of boat ownership more attainable, as it enables you to spread the payment over a period of time rather than shelling out a substantial sum upfront. - read more
Budgeting for Boat Ownership: Best Practices for Financing
Budgeting for Boat Ownership: Best Practices for Financing
Owning a boat brings unparalleled joy and freedom, whether you're cruising Sydney Harbour or exploring the Great Barrier Reef. However, like many rewarding pursuits, there is a financial side to consider. Understanding the true costs associated with boat ownership is crucial, allowing you to budget properly and enjoy your nautical adventures stress-free. - read more
3 Things to Avoid When Buying a Used Boat in Australia
3 Things to Avoid When Buying a Used Boat in Australia
Buying a used boat can be an exciting adventure, but it can also be a daunting task. It's important to remember that purchasing a high-quality used boat is crucial for your safety and enjoyment on the water. Australia's vast coastline and numerous waterways make it a prime location for boating enthusiasts, but with so many options available, it's easy to fall into common traps. - read more


Start Here

START HERE.

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Adjustable-Rate Mortgage (ARM):
A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan.


Quick Links: | Boat Loan Finance | Boat Financing Options | Marine Finance | Boat Loan Rates | Boat Loan Calculator | Boat Loan Comparison | Boat Loan Lenders | Boat Loan Terms | Boat Loan Approval | Boat Loan Application | Boat Loan Interest Rates



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | SITEMAP |
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.