Statement of financial advisory service standards (APS 12)
APS 12 is a professional statement that applies to members involved in the provision of financial advisory services within Australia.
Its purpose is to ensure recognition that the over-arching responsibility of our profession is to uphold the public interest.
APS 12 governs all aspects of the financial advisory process from initial engagement, payment of fees and commissions, bans on receiving 'soft dollar' commissions, rationale and continuous disclosure.
APS 12 is a joint statement with the Institute of Chartered Accountants.
