Hi there

•	I think page 27,  2.39 should read    “ ... and where the client has not received financial advice from the fee recipient prior to …..”

•	It appears that the implication of 2.39 is that if a ‘book’ of clients is sold after 30 June 2012, the purchasing fee recipient would be obligated to treat these clients as new clients for the purposes of Division 3.  Is this the intention or would the purchasing fee recipient continue to service these clients as existing given that they have already received advice, albeit from the vendor fee recipient, prior to the commencing day?  

Thank you.
 
Rob Pyne CFP BSc 
Partner, HPH Solutions