Australian Financial Services Licensing (AFSL) Forum

Home Forums Australian Financial Services Licensing (AFSL) Forum How does one deal with FDSs and breaches given the law still imposes an obligation to provide FDSs to pre 1 July 2013 clients on ongoing fee arrangements? Reply To: How does one deal with FDSs and breaches given the law still imposes an obligation to provide FDSs to pre 1 July 2013 clients on ongoing fee arrangements?

#3689 Reply

KMack

Thank you for this information – terrific.
An FDS question to follow if I may: Do you agree that an FDS will still be required under the draft legislation for a pre-1 July 2013 client, with whom a revised ongoing service level agreement is signed post-1 July 2013. ie that a new service agreement (which meets the continuing definition of an “ongoing fee arrangement”) signed after 1 July 2013 drags them into the post 1 July 2013 requirements?

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