Standard 2 of the FASEA Code of Ethics states that You must act with integrity and in the best interests of each of your clients.

Required:

a) Explain how financial advisors can comply with this requirement. (6 marks)

b) Explain how this requirement is different to the best interest duty imposed under section 961(B) of the Corporations Act 2001. (6 marks)

c) Is the financial advisor relieved of this duty when a client does not disclose sufficient information? Explain. (3 marks)