The Australian Securities and Investments Commission loves to make things complicated for everyone.

Ps146 stands for the policy statement 146 and Rg146 stands for regulatory guide 146. Both of them are the same thing and talks about what an individual would require to be compliant and be able to practice financial planning.

Why the change in the term, no one has any idea. But just remember that these mean the same and if you ever see your financial planner, ask him or her this question. You might find an interesting answer. If he or she does not know, then think twice before handing your money over.