Under Pt 7.7 of the Corporations Act, companies that advise individuals on financial products must establish and provide a financial services guide (FSG), provide a general alert to general consultation, and prepare and provide advice (SOA) when providing personalized advice. According to Pt 7.7A`s Div 2, advisory service providers who personally advise private clients must comply with the “Best Interest Duty” and related commitments, introduced as part of the government`s Future of Financial Advice (FOFA) reform package, to improve the quality of personal financial advice. See: Organizing a particular behavior, for example. B the application or purchase of a financial product is a business, unless it is a financial advisor or is not exempt from it. If you provide a financial service, you must ask yourself whether you must have an Australian Financial Services (SFA) licence or whether you must have the authorization of a licensee. See RG 36 Financial Produktberatung und -Handel It can also give them the impetus to get advice and thus promote competition and possibly reduce consulting costs. There may also be an opportunity for people who have taken advice at the scale for more holistic advice.  7.23 Dr. Marina Nehme supported the removal of the opt-in if the cost of its application was “too high”. However, she stressed the importance of the current opt-in regime, which guarantees “continued dialogue between financial advisors and their clients – a dialogue that would deter financial advisors from appealing to consumers of services they do not obtain.”  In this context, the Declaration of Regulation recognized that the usefulness of opt-in requirements to the consumer could not be denied: it should be replaced by annual recommendations of the Royal Commission 7.19. AIST argued for similar rules outside of financial services, such as “the famous difficulties in ending gym membership” to support its argument that the requirement for opt-out members is a “bad policy”.
 Our guide aims to facilitate individuals` access to quality information and advice on all financial products. See RG 244 Provide information, general advice and advice on a scale Some information required by the SDF, such as advisory fees. B, can rely on third-party data creation, and this information-gathering process can take time and be subject to delays. For example, if the advisory fee relates to asset pricing, it may be necessary to collect data from several third parties, each from the planner and the licensee.