In the context of financial advice, the use of certain words or expressions are restricted by law. Independence is one of these words. The legislation takes over 670 words to define circumstances where restricted words or expressions may be used under s923A of the Corporations Law … read more
The main point is an absence of influence or control over the advice provided to you
- No ownership links or affiliations with product manufacturers. Financial products include most forms of investment other than deposits with banks and real estate
- No commissions or incentive payments from product manufacturers. There should be no financial benefit from institutions whose products we advise on
- No conflicts of interest, influence or control by product manufacturers over the advice
- Unbiased and impartial are other restricted terms