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 …
Category: Numerical Order
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 …