Law Council of Australia

Financial planning

Mixed views on decoupling ‘personal advice’ from ‘financial service’

There are mixed views on the proposed decoupling of ‘personal advice’ from the definition of ‘financial service’, according to submissions to the ALRC’s Financial Service...

Policy & Regulation

Businesses could be legally responsible for all employee actions

A corporate entity could be guilty if any level of employee of the corporation committed an offense while acting within the scope of their role, under changes proposed by...

Policy & Regulation

Lawyers argue against post-sale product intervention

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

Financial planning

Advice crucial to handling insolvencies

Professional advice is crucial to helping struggling companies find their way to recovery according to both the Australian Securities and Investments Commission and the L...

Policy & Regulation

Consumers rarely pursue EDR without legal counsel

The Law Council of Australia claims few consumers are capable of pursuing disputes through FOS and other EDR providers without legal representation or advice....