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You (as a lawyer) act for a financial planner who is intending to purchase a financial planning business. Your client will be providing financial planning

You (as a lawyer) act for a financial planner who is intending to purchase a financial planning business. Your client will be providing financial planning advice in the course of the business. For you to act in the purchase of the business, is it necessary for you to hold an Australian financial services licence under the Financial Services Reform Act 2001 (Cth) (FSRA)?


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