ASIC Banning PowersASIC’s power to ban people in the financial sector (ASIC Enforcement Review) ASIC Licensing PowersASIC’s licensing powers (ASIC Enforcement Review) ASIC Search Warrant PowersASIC’s search warrants powers (ASIC Enforcement Review ASIC Telecoms Interceptions PowersASIC’s telecommunications interceptions powers (ASIC Read More …
Author: wordflow
Other Important Considerations
Recommendation 7.1 – Compensation SchemeCompensation scheme of last resort Recommendation 7.2 – ASIC Enforcement ReviewImplementing the ASIC Enforcement Review Taskforce’s directions power recommendations
Regulators
Recommendation 6.3 – Superannuation – Co-RegulationGeneral principles for ASIC and APRA to co‑regulate superannuation Recommendation 6.4 – Superannuation – ASIC RoleASIC as conduct regulator for superannuation Recommendation 6.5 – Superannuation – APRA RoleAPRA to retain current functions for superannuation Recommendation Read More …
Insurance
Recommendation 4.1 – Hawking InsuranceNo hawking of insurance products Recommendation 4.2 – Funeral Expenses ExemptionsRemoving the exemptions for funeral expenses policies Recommendation 4.3 – Insurance – Deferred Sales ModelDeferred sales model for add-on insurance Recommendation 4.4 – Vehicle Dealer CommissionCap Read More …
Superannuation
Recommendation 3.1 – Trustees of RSENo other role or office for trustees of Registrable Superannuation Entities (RSE) Recommendation 3.2 –Advice Fees – My SuperNo deducting advice fees from My Super accounts Recommendation 3.3 – Advice Fees – Choice SuperLimitations on Read More …
Financial Advice
Recommendation 1.15 – Enforceable Code ProvisionsEnforceable code provisions for industry codes of conduct Recommendation 2.1 – Financial Advice Annual RenewalsAnnual Renewal and Payment for Financial Advice Recommendation 2.2 – Financial Adviser IndependenceDisclosure of lack of independence of financial advisers Recommendation Read More …
Banking
Recommendation 1.2 – Mortgage Brokers – Best InterestMortgage broker best interests duty Recommendation 1.3 – Mortgage Brokers – RemunerationMortgage Broker Remuneration Recommendation 1.6 – Mortgage Brokers – Reference CheckingReference checking and information sharing for mortgage brokers Recommendation 1.7 – Point Read More …
S – Z
Superannuation – APRA Role Recommendation 6.5 – June 2020APRA to retain current functions for superannuation Superannuation – ASIC Role Recommendation 6.4 – June 2020ASIC as conduct regulator for superannuation Superannuation – Co-Regulation Recommendation 6.3 – June 2020General principles for ASIC Read More …
I – R
Insurance – Claims Handling Exemption Recommendation 4.8 – End 2019Removal of claims handling exemption for insurance Insurance – Deferred Sales Model Recommendation 4.3 – June 2020Deferred sales model for add-on insurance Insurance – Misrepresentation Recommendation 4.5 – June 2020Duty to Read More …
F – H
Financial Advice Annual Renewals Recommendation 2.1 – June 2020Annual Renewal and Payment for Financial Advice Financial Adviser Grandfathered Commissions Recommendation 2.4 – End 2019Ending grandfathered commissions for financial advisers (Legislation introduced on 1 August 2019) Financial Adviser Independence Recommendation 2.2 Read More …