AFCA Rules – Proposed amendments

Please click here to view the Submission 'AFCA Rules – Proposed amendments'.

Overview of the Submission:

Chartered Accountants ANZ, CPA Australia, the Financial Advice Association Australia (FAAA), the Institute of Public Accountants and the SMSF Association welcome the opportunity to provide feedback to AFCA in response to the Consultation paper on the proposed amendments to the AFCA Rules.
We appreciate that some of these changes are being made to reflect changes to the law or to address the historical nature of the Legacy complaints provisions. We also recognise that some of these changes are sensibly being done to provide AFCA with additional powers to deal with AFCA members and third parties who are not complying with the expectations of AFCA. These are relevant matters that we believe should be addressed.