<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[RegiReview]]></title><description><![CDATA[RegiReview]]></description><link>https://www.regireview.com.au/blog</link><generator>RSS for Node</generator><lastBuildDate>Sun, 05 Jul 2026 18:48:43 GMT</lastBuildDate><atom:link href="https://www.regireview.com.au/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Advice Reviews Aren't About Finding Fault]]></title><description><![CDATA[One of the biggest misconceptions about advice reviews is that they're designed to catch advisers out.]]></description><link>https://www.regireview.com.au/post/advice-reviews-aren-t-about-finding-fault</link><guid isPermaLink="false">6a447622f5f40624272b7e71</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 01 Jul 2026 02:24:16 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_41a8df9cc17c40ba86570d757fd90f1e~mv2.png/v1/fit/w_1000,h_604,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[When Is a Statement of Advice Required Under the Corporations Act?]]></title><description><![CDATA[Under the Corporations Act 2001, the obligation to provide a Statement of Advice is triggered when two conditions are both met: the advice must be personal advice, and the client must be a retail client. This article explains the legal trigger under s946A and what it means in practice for Australian financial advisers.]]></description><link>https://www.regireview.com.au/post/when-is-a-statement-of-advice-required-under-the-corporations-act</link><guid isPermaLink="false">6a37073337a743dec41bf49f</guid><category><![CDATA[SoA vs RoA]]></category><pubDate>Sat, 20 Jun 2026 21:54:21 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_cbb55110f32c4ba7a4669e9624807865~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[What Is the Difference Between an SoA and a Record of Advice?]]></title><description><![CDATA[An SoA and a Record of Advice are not interchangeable. Each has a distinct purpose, a distinct legal trigger, and distinct content requirements under the Corporations Act. This article explains the key differences and when each document is required.]]></description><link>https://www.regireview.com.au/post/what-is-the-difference-between-an-soa-and-a-record-of-advice</link><guid isPermaLink="false">6a370734a8977cb11dd6981d</guid><category><![CDATA[SoA vs RoA]]></category><pubDate>Sat, 20 Jun 2026 21:53:23 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_a6d5165e17474b719661b9278166742b~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Julia Vojkovic</dc:creator></item><item><title><![CDATA[What Conditions Must Be Met to Use an ROA Instead of an SoA?]]></title><description><![CDATA[Section 946B of the Corporations Act sets out three conditions that must all be satisfied before a Record of Advice can be given instead of a full Statement of Advice. This article explains each condition, what they mean in practice, and what happens when any one of them is not met.]]></description><link>https://www.regireview.com.au/post/what-conditions-must-be-met-to-use-an-roa-instead-of-an-soa</link><guid isPermaLink="false">6a370734a8977cb11dd69821</guid><category><![CDATA[SoA vs RoA]]></category><pubDate>Sat, 20 Jun 2026 21:52:25 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_56dcd65211374a6e88fab3689987ef22~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team RegiReview</dc:creator></item><item><title><![CDATA[What Is Personal Advice and When Does It Trigger the SoA Obligation?]]></title><description><![CDATA[The SoA obligation only arises where personal advice is given. Understanding when advice crosses from general to personal is one of the most consequential distinctions in financial services law. This article explains the s766B definition, the reasonable person test, and what it means in practice.]]></description><link>https://www.regireview.com.au/post/what-is-personal-advice-and-when-does-it-trigger-the-soa-obligation</link><guid isPermaLink="false">6a3707f0a8977cb11dd69987</guid><category><![CDATA[SoA vs RoA]]></category><pubDate>Sat, 20 Jun 2026 21:50:56 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_6411b6692c244ab68ac37a65de49a2a1~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[Who Is a Retail Client for SoA Purposes?]]></title><description><![CDATA[The SoA obligation applies only to personal advice given to retail clients. Understanding who qualifies as a retail client under s761G, and what the wholesale client and sophisticated investor exemptions actually require, is essential for every advice practice in Australia.]]></description><link>https://www.regireview.com.au/post/who-is-a-retail-client-for-soa-purposes</link><guid isPermaLink="false">6a3707f0a8977cb11dd69989</guid><category><![CDATA[SoA vs RoA]]></category><pubDate>Sat, 20 Jun 2026 21:49:31 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_10f99bc248be4921a233b6ac7881aebd~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Julia Vojkovic</dc:creator></item><item><title><![CDATA[How to Evidence Client Objectives in an SoA]]></title><description><![CDATA[Of all the elements in a Statement of Advice, the documentation of client objectives is one of the most frequently criticised in compliance reviews. This article explains what the law requires when evidencing client objectives and how to capture them in a way that supports your advice.]]></description><link>https://www.regireview.com.au/post/how-to-evidence-client-objectives-in-an-soa</link><guid isPermaLink="false">6a3228dba3667807a659575a</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 04:56:03 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_b115b7a6f14049cba263ccb76115062e~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[How to Document Reasonable Basis for Advice in an SoA]]></title><description><![CDATA[Having a reasonable basis for advice is a fundamental requirement of the best interests duty. But the obligation does not end there. The SoA must also document that basis in a way that makes it visible to a reviewer. This article explains what good documentation looks like in practice.]]></description><link>https://www.regireview.com.au/post/how-to-document-reasonable-basis-for-advice-in-an-soa</link><guid isPermaLink="false">6a32289d6e3aac0bcf9d13b8</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 04:55:01 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_f974e8f5f74f435ab55109165ec72a1e~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team RegiReview</dc:creator></item><item><title><![CDATA[What Are ASIC's Expectations for SoA Compliance?]]></title><description><![CDATA[Meeting the minimum content requirements of the Corporations Act is not the same as meeting ASIC's expectations. ASIC's approach to SoA compliance, set out in Regulatory Guide 175, consistently applies a higher bar. This article explains what ASIC actually expects and where it focuses its scrutiny.]]></description><link>https://www.regireview.com.au/post/what-are-asic-s-expectations-for-soa-compliance</link><guid isPermaLink="false">6a3227dda3667807a659554c</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 04:53:53 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_672820b06a8f47bc8e083cc8c75ca96c~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Julia Vojkovic</dc:creator></item><item><title><![CDATA[How Detailed Does an SoA Need to Be?]]></title><description><![CDATA[One of the most common questions advisers ask about SoAs is whether theirs are long enough. It is rarely the right question. ASIC's standard is not about length, it is about completeness. This article explains what the law requires in terms of SoA detail and how ASIC interprets the clear, concise and effective standard.]]></description><link>https://www.regireview.com.au/post/how-detailed-does-an-soa-need-to-be</link><guid isPermaLink="false">6a322793a3667807a6595495</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 04:50:34 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_9870121fd1e7407aa438fa60f82cdbf0~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[What Evidence Should Support Recommendations in an SoA?]]></title><description><![CDATA[An SoA must do more than state a recommendation. It must show the reader that the recommendation rests on a genuine analytical process. This article explains what evidence is required to support advice recommendations in an SoA and the forms that evidence typically takes.]]></description><link>https://www.regireview.com.au/post/what-evidence-should-support-recommendations-in-an-soa</link><guid isPermaLink="false">6a322587403edb8461f1d955</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 04:42:04 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_c1f03d94bcbc4ecdbc7e5ca9102584f3~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team RegiReview</dc:creator></item><item><title><![CDATA[How Can Advisers Demonstrate the Basis for Advice in an SoA?]]></title><description><![CDATA[Demonstrating the basis for advice is one of the most technically demanding aspects of SoA compliance. This article explains how advisers can satisfy s961B and s961G by making the analytical process visible within the SoA and avoiding the documentation gaps most commonly identified in reviews.]]></description><link>https://www.regireview.com.au/post/how-can-advisers-demonstrate-the-basis-for-advice-in-an-soa</link><guid isPermaLink="false">6a3200217ce5e13193505612</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 02:02:27 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_77552c94a721493497bfa77575ca2807~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Julia Vojkovic</dc:creator></item><item><title><![CDATA[How Should Risks Be Disclosed in a Statement of Advice?]]></title><description><![CDATA[Risk disclosure in an SoA is not optional and not formulaic. The Corporations Act requires advisers to explain the significant risks associated with recommended products and strategies in terms specific to the client's circumstances. This article explains what that means in practice.]]></description><link>https://www.regireview.com.au/post/how-should-risks-be-disclosed-in-a-statement-of-advice</link><guid isPermaLink="false">6a31ff426e3aac0bcf9cb763</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 01:58:46 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_175ecf55514e458592c3116f7f62032c~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[What Client Circumstances Must Be Documented in an SoA?]]></title><description><![CDATA[Under the best interests duty, an adviser must identify the client's relevant circumstances before providing advice. This article explains which client circumstances must be documented in an SoA, how specific that documentation needs to be, and the common gaps that lead to compliance findings.]]></description><link>https://www.regireview.com.au/post/what-client-circumstances-must-be-documented-in-an-soa</link><guid isPermaLink="false">6a31ee34a3667807a658d598</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Wed, 17 Jun 2026 00:47:17 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_ca0a8523e4c743d58bcdc67adb173096~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team RegiReview</dc:creator></item><item><title><![CDATA[Mandatory Disclosures in an SoA: What the Corporations Act Requires]]></title><description><![CDATA[The Corporations Act identifies two distinct disclosure obligations that must appear in every SoA: remuneration disclosure and conflict of interest disclosure. A third obligation, referral fee disclosure, is one of the most commonly missed requirements in practice.]]></description><link>https://www.regireview.com.au/post/mandatory-disclosures-in-an-soa-what-the-corporations-act-requires</link><guid isPermaLink="false">6a31d0a5655fbab86710e4f8</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Tue, 16 Jun 2026 22:48:44 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_dfb3eeb16d234d9786f4098bc0bb878f~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Eloise Somerford</dc:creator></item><item><title><![CDATA[What Must Be Included in an SoA Under the Corporations Act?]]></title><description><![CDATA[The mandatory content requirements for an SoA are set out in sections 947B and 947C of the Corporations Act 2001. This article works through each of those requirements in plain terms: what the law says, what ASIC expects to see, and where advisers most often come unstuck.]]></description><link>https://www.regireview.com.au/post/what-must-be-included-in-an-soa-corporations-act</link><guid isPermaLink="false">6a31bff76e3aac0bcf9c0e48</guid><category><![CDATA[Statements of Advice]]></category><pubDate>Tue, 16 Jun 2026 21:34:06 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/124b33_14cb94130ae9420e92666d2d8d6c16e9~mv2.png/v1/fit/w_1000,h_900,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Julia Vojkovic</dc:creator></item></channel></rss>