Home › Forums › Australian Financial Services Licensing (AFSL) Forum › Risk Insurance Trail Commission › Re: Risk Insurance Trail Commission
April 30, 2012 at 12:53 am #3107
You have a responsibility to advise the client of any commissions, remuneration or other benefits whenever you provide a client with a Statement of Advice or Record of Advice. You would generally be providing one of these documents when renewing a risk insurance policy. You have to provide this information in these documents even if the commission information has not changed since the last SOA.
Please contact our financial services team if you require further information.
Author: David Court
Co-contributor: Megan Jaksa