got me thinking due to a recent discussion,
you know how brokers, advisors etc. arent allowed to give specific legal/investment advice,
so what exactly constitues legal advice,
to me everything is legal advice,
something like "Oh go and buy CBA shares, they will do well" is obviously a no no
but what about in reply to "are CBA shares good"
what about "oh if you want to buy more properties you should go for a higher LVR"
what about "if you want high CG, go for regionals"
what about "you should have an offset instead of redraw for your loan setup"
where do you draw the line? or does it depend on the manner of delivery? eg in stead of someone saying "CBA shares are good, go and buy" is a customer asking "do you think CBA is good" or "I want to buy CBA shares, how do i"
you know how brokers, advisors etc. arent allowed to give specific legal/investment advice,
so what exactly constitues legal advice,
to me everything is legal advice,
something like "Oh go and buy CBA shares, they will do well" is obviously a no no
but what about in reply to "are CBA shares good"
what about "oh if you want to buy more properties you should go for a higher LVR"
what about "if you want high CG, go for regionals"
what about "you should have an offset instead of redraw for your loan setup"
where do you draw the line? or does it depend on the manner of delivery? eg in stead of someone saying "CBA shares are good, go and buy" is a customer asking "do you think CBA is good" or "I want to buy CBA shares, how do i"