Australian Financial Services Licensing (AFSL) Forum

#3105 Reply

Your obligation to disclose revenue will come down to what your Professional Indemnity (PI) Insurer requires.

Your broker is best placed to advise you on this.
As PI policies vary between providers, we are unable to give you specific advice without seeing a copy of the policy you are referring to.
We do note that you have a duty of disclosure under insurance law and the insurer may be able to disclaim liability in cases of material non-disclosure.
Please don’t hesitate to contact our team if you require further information.
Author: Paul Derham
Co-contributor: Sarah Holley

 

 

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