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I thought duty of care is associated with the idea of negligence, not necessarily competency. For an accountant whose clients all just have a group cert and a few shares, are they negligent if they don't advise on SMSFs, for example? The reasonable person and 'ought to have known' concepts are a...

Which doesn't have any bearing on a serviceability calc. A person could lose the job but have savings to keep making payments, but they would not be able to qualify for the loan if they re-applied today. Making payments in full and on time is a minimum obligation, not something to your credit...