@Portfolio - is this what you're referring to?
https://download.asic.gov.au/media/5070047/apra-asic-rse-letter-10-april-2019.pdf
That simply states that trustees should review their processes to ensure customers understand and agree to fee structures/charges. So long as the customer agrees and the trustee can prove this, I don't see any other restrictions.
Unless a trustee has engaged in 'Fee for no service' type arrangements, or not outlined the fee arrangements to their customer, this shouldn't have much of an impact (as I understand it).
Maybe I'm overlooking something...
Ann: IOOF to acquire Bendigo Financial Planning Book, page-7
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