{"id":47087,"date":"2019-11-12T14:56:54","date_gmt":"2019-11-12T04:56:54","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=47087"},"modified":"2022-05-24T15:45:12","modified_gmt":"2022-05-24T05:45:12","slug":"afa-launches-more-criticism-around-fasea-code-of-ethics","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/11\/12\/afa-launches-more-criticism-around-fasea-code-of-ethics\/","title":{"rendered":"AFA Launches Stinging Criticism Around FASEA Code of Ethics"},"content":{"rendered":"

The AFA has launched a blistering critique of FASEA’s Code of Ethics ahead of its meeting with the Authority this week.<\/p>\n

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The AFA’s Phil Anderson …calling on FASEA to defer the implementation of its Code of Ethics until it can be re-worked<\/figcaption><\/figure>\n

In a highly-critical and detailed paper, the Association’s GM Policy and Professionalism, Phil Anderson<\/strong>, dissects each of the Codes’ 12 Standards and their accompanying guidance notes, which were only released last month (see: FASEA Releases Code of Ethics Guidance<\/a>).<\/p>\n

The focus of Anderson’s critique (The FASEA Code of Ethics – An Impossible Puzzle<\/a>) relates to potential issues raised by the wording of the Code and its guidance notes and case studies, around which he and the AFA are seeking greater certainty, greater clarity and less ambiguity.<\/p>\n

He says there are deficiencies within the Code and its guidance notes, rendering it unworkable in its current form.\u00a0 For that reason, the AFA is calling for the commencement of the Code to be deferred until it can be ‘re-worked’.<\/p>\n

Referring to revenue data recently released by Investment Trends, Anderson says the implementation of the Code as it currently stands will place in doubt – place at risk – 57 percent of practice income, comprising:<\/p>\n