The financial services industry has undergone major reform in recent years. Financial services laws under the Corporations Act 2001 impose a broad licencing and regulatory system that covers anyone who provides financial services in relations to financial products. These laws are heavily supplemented by ASIC policies. Licensees who provide financial services advice to retail clients must meet special requirements, including that their advisers are trained and that their competencies be maintained.
Safetrac’s ‘Financial Services Representatives – Financial Advisers’ course is designed to assist businesses in meeting their obligations by training Advisers in relation to their responsibilities to clients, while maintaining a competent provision of insurance services.