The federal government's plan to extend the deadline for financial advisers to pass an exam allowing them to continue practising has been thrown into doubt after Senate crossbencher Rex Patrick attached measures to boost corporate transparency.
The Centre Alliance dealmaker has been campaigning for an end to a 25-year-old loophole which exempts rich listers and some of Australia's most influential business groups from Australian Securities and Investments Commission reporting requirements.
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Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
