Trans-tasman deal on adviser recognition

Deirdre Keown | financialalert | 2 July 2012

From 6 July, New Zealand financial advisers will be able to provide services to clients based in Australia, without holding an Australian Financial Services License, under a mutual recognition arrangement just announced by the regulators in both countries. But the devil's in the detail.

While Australian Financial Services License holders are already recognised under the Trans-Tasman Mutual Recognition legislation, today's announcement allows individual New Zealand fin...