IMPORTANT:
Any advice on this website is general only and should not be relied on as a substitute for legal advice tailored to your situation. imac legal & compliance pty ltd trades as imac legal and as imac compliance. We will always let you know beforehand whether we are acting as a law firm or as a compliance consultancy (and not as a law firm) for a particular matter. You have several rights and protections under the law when we act as a law firm.
Liability limited by a scheme approved under Professional Standards Legislation when providing legal services.
Scrap Chapter Seven of Corporations Act
Financial services lawyer and principal of imac legal & compliance, Ian McDermott, said the regulators should scrap Chapter Seven of the Corporations Act (the main financial services provisions) and start again.
Mr McDermott cited two main issues with the current legislation – some structural problems and complexity. On the structural problems, Mr McDermott said “While I support the move
Read the full article in Professional Planner