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Mulino sits on Tranche 2 for now, grapples with complexity
August 11, 2025
|Financial Standard
Minister for financial services Daniel Mulino says releasing the next exposure draft for the “complex” second tranche of Delivering Better Financial Outcomes (DBFO) reforms is a top priority, but the financial advice sector should not expect it anytime soon.
Mulino told the Financial Services Council's (FSC) Shaping advice in a time of change event via a video recording that he is still working on the next set of reforms under DBFO 2.
Released in March, the long-awaited Tranche 2 of DBFO proposed several changes, such as replacing Statements of Advice with Client Advice Records and clarifying what topics super funds can collectively charge for, only to fall through the cracks in the lead up to the federal election.
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