From www.professionalplanner.com.au: Cyclone Alfred has delayed the release of the Albanese government’s second tranche of the Delivering Better Financial Outcomes (DBFO) legislation, which includes significant reforms like the removal of Statements of Advice and incentives for super fund members.

Despite the completion of the draft legislation, the government’s focus has shifted to responding to the cyclone’s impact, postponing its anticipated publication.

Key elements, such as the proposed new class of adviser and modifications to the Best Interests Duty, are likely to be addressed separately in future legislation.