Contrasting the FASEA Code of Ethics (the FASEA Code) and the Best Interest Duty in section 961B of the Act. Select the correct response

Select one:

a.

The ethical duty listed in the FASEA Code to act in the clients best interests is identical to the Best Interest Duty in section 961B of the Corps Act.

b.

The ethical duty listed in the FASEA Code to act in the clients best interests is NOT identical to the Best Interest Duty in section 961B of the Corps Act.

c.

The FASEA Code have equivalent provisions to the Best Interests Duty safe harbour.

d.

If a financial adviser follows the safe harbour steps set out in section 961B of the corps Act, the Financial adviser would have complied with the best interest duty under the Code