This book investigates the legitimacy of the current Australian
Financial Services Licensee-Authorised Representative (AFSL-AR)
licensing model, as specified in the Commonwealth Corporations Act
2001. The book rectifies the deficiency in scholarly attention to
this matter by developing a new conceptualised framework for the
financial planning discipline. It takes into account theories in
agency, legislation, legitimacy and the independent individual
regulatory regimes in other professions; thereafter integrating
this framework with the financial planning theory to examine the
legitimacy, or what was found to be the illegitimacy of licensing
advisers via multiple third party conflicted commercially oriented
licensees. This book makes a very useful reference to understanding
financial planning licencing model in Australia.
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