Macquarie response to Federal Government’s announcement on reforms to financial advice
MAS 29 April 2010
The government has announced an outline of its financial services reform package which is proposed to apply from mid-2012. We are currently working through those reforms with stakeholders to determine the impact to our products and services. On the basis of the contents of the information pack released by the Government we believe the business is well placed to deal with any changes that may take place. Macquarie continues to support the underlying value of financial advice for Australian investors. As more details are released we will be communicating with you on potential impacts and solutions.