The federal cabinet will consider changes to the Future of Financial Advice legislation before the end of the year.

Assistant Treasurer Arthur Sinodinos will take a package of amendments to ministers, with removal of the opt-in requirement a priority.

“Time-sensitive amendments will be dealt with through regulations and then locked into legislation,” Senator Sinodinos told the Association of Independently Owned Financial Professionals’ national conference in Hobart last week.

“I want to have legislation drafted by early February, introduced into Parliament in the autumn sittings and passed during the winter sittings.”