Financial Planning of Australia | Sample Presentation Assignment By OnlineAssignmentshelp.com. PPT Assignment of Financial industry of Australia.

1. Financial
Planning of
Australia

2. Financial industry of Australia
The financial market of Australia is the
largest market in the world. It is the fastest
growing and sophisticated in Asia.
Australia is a regional leader in diverse
products like Real Estate Investment Trade,
exchange traded and OTC derivatives etc.
The financial market of Australia has got
huge setback in last few years due to trust
of people is highly shattered.

3. Financial Planners and Advisors Code of Ethics
Started on 1 January 2020 Aims at increasing the
standards of the financial
planning industry

4. Ethical issues in the
Financial Industry
Inappropriate
advice which is
39%

5. Ethical issues

6. Positive consequences
It promotes high trust among the consumers and
confidence in the financial planners so that they can
effectively focus on providing commercial services
to the clients.
It increases the trust of people in the sector.
It is expected to bring transparency and proper
disclosure for the Australian banks so that
customers get prope information and high
transparency level.

7. Negative
consequences
High cost of providing
financial advise
High confusion due to
generalized set of rules
Loss of job for financial
advisers

8. Australian
Planning
It is a key profession due to
increase in number of people.
Studies indicate that financial
planning and advisory are key
approaches for helping Australians
to get an appropriate return for
their investment.

9. Conclusion
It can be concluded that
Financial Planners and
Advisors Code of Ethics
aimed at managing unethical
practices.
It has positive as well as
negative consequences.
There is a need to take
immediate steps to manage
them.

10. References
• Cull, M. and Melville, B., 2018. A review of ethics education in financial planning
courses in Australia. Financial Planning Research Journal, pp.11-32.
• Federal Register of Legislation., 2019. Financial Planners and Advisers Code of Ethics
2019. https://www.legislation.gov.au/Details/F2019L00117. Accessed on
17/9/2021.
• Haisken-DeNew, J., Ribar, D.C., Salamanca, N., Nicastro, A. and Ross, J., 2019.
Improving the Commonwealth Bank of Australia-Melbourne Institute observed
financial wellbeing scale. Commonwealth Bank of Australia and Melbourne Institute
Financial Wellbeing Scales Technical Report, (3).
• Pash, C. 2018. The reputation of Australia’s financial industry has collapsed, and
now ranks last in a major survey.
• https://www.businessinsider.com.au/ethics-trust-governance-institute-australia-
2018-8 . Accessed on 17/9/2021.
• Austrade.gov.au., 2020. Financial Services.
https://www.austrade.gov.au/international/buy/australian-industry-
capabilities/financial-services . Accessed on 17/9/2021.
• Yan, K. 2019. Australian Financial Planning.
https://www.delhibusinessreview.org/V21n1/dbr_V21n1a.pdf. Accessed on
17/9/2021.