Australian Bureau of Statistics (ABS) recognises financial advice profession
Following FAAA advocacy, the Australian Bureau of Statistics (ABS) has recognised the financial advice profession with in-principle acceptance of our recommendation to use the protected terms ‘Financial Adviser/Financial Planner’ as the principal title of its occupation unit, in proposed changes to the Australian and New Zealand Standard Classification of Occupations (ANZSCO). The ABS has also supported our call to introduce a new classification of Paraplanner as an emerging occupation. Improving the ANZSCO to better reflect the provisions in the Corporations Act and current roles and practices in the profession is critical as its classification of occupations underpins the data