A Statement of Advice (SoA) is the legal name for a document an Australian licensed financial adviser must give people when they offer their customers advice.

See our commentary on SoA here

Performance Requirements (PR) for SoA—Statements of Advice—developed between 2003 and 2018 with the help and support of the financial industry, their peak bodies and the industry regulator, the Australian Securities and Investment Commission (ASIC).

These PR translate the legal requirements in the Corporations Act into tasks that SoA users should be able to perform with an SoA. Sorry to interrupt your reading of this interesting paper. The publishing of this paper is funded by our Members and Fellows. If you are a Member, please log in to read the rest. If not, and you value what we do, please become a Member.