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AFCA sticks to Supreme Court decision after rule change

The financial complaints ombudsman has confirmed it will not appeal the Supreme Court’s decision that it had acted against its obligations in January.

AFCA sticks to Supreme Court decision after rule change
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AFCA sticks to Supreme Court decision after rule change

Earlier this year, the Australian Financial Complaints Authority (AFCA) had amended its ability to deal with complaints and was forced to change its rules after the court also found it did not have jurisdiction to consider certain types of disputes against licensees.

Read more at SMSF Adviser. 

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