Financial advisers' exam deadline caught in Senate power play

Tom McIlroy, Aleks Vickovich and John Kehoe

Jun 11, 2020 – 5.40pm

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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.

Tom McIlroy was the Financial Review’s Canberra bureau chief.

Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.