1. Which of the following events would likely prompt changes to an OFA?
A) One or more clients are allocated to an alternative adviser within the same AFS licensee
B) A client opts to transfer their personal investments into their SMSF
C) The separation or divorce of an advised client couple
D) Both 2 and 3
2. What is a Fee Consent Form used for?
A) To accept an Ongoing Fee Arrangement
B) To provide the client with a Fee Disclosure Statement
C) To explain the terms and potential limitations of a product
D) To state what needs to be included in Ongoing Fee Arrangements
3. ASIC considers the substantive part of an Ongoing Fee Arrangement to be:
A) The provision of an advice document
B) The provision of a Fee Statement
C) The provision of a Fee Disclosure Statement
D) The Anniversary Date
4. The Anniversary Date of an Ongoing Fee Arrangement must be the same as the client review date.
* Billed annually