Enforceable Code Provisions
Recommendation 1.15
Enforceable code provisions for industry codes of conduct
Mortgage Brokers – Reference Checking
Recommendation 1.6
Reference checking and information sharing for mortgage brokers
Point of Sale Exemption
Recommendation 1.7
Removal of Point of Sale Exemption
Financial Advice Annual Renewals
Recommendation 2.1
Annual Renewal and Payment for Financial Advice
Financial Adviser Independence
Recommendation 2.2
Disclosure of lack of independence of financial advisers
Financial Advisor Reference Checking
Recommendation 2.7
Reference checking and information sharing for financial advisers
Compliance Concern Reporting
Recommendation 2.8
Licensee obligations to report compliance concerns
Financial Adviser Misconduct
Recommendation 2.9
Licensee obligations where misconduct by financial advisers
Trustees of RSE
Recommendation 3.1
No other role or office for trustees of Registrable Superannuation Entities (RSE)
Advice Fees – My Super
Recommendation 3.2
No deducting advice fees from My Super accounts
Advice Fees – Choice Super
Recommendation 3.3
Limitations on deducting advice fees from choice superannuation accounts
Hawking Superannuation
Recommendation 3.4
No hawking of superannuation products
Superannuation – Regulators’ Roles
Recommendation 3.8
Adjustment of APRA’s and ASIC’s roles in superannuation
Hawking Insurance
Recommendation 4.1
No hawking of insurance products
Insurance – Restricting Use of Terms
Recommendation 4.2
Restricting use of the term ‘insurer’ and ‘insurance’
Insurance – Deferred Sales Model
Recommendation 4.3
Deferred sales model for add-on insurance
Vehicle Dealer Commission
Recommendation 4.4
Cap on commissions paid to vehicle dealers for sale of add‑on insurance products
Insurance – Misrepresentation
Recommendation 4.5
Duty to take reasonable care not to make a misrepresentation to an insurer
Life Insurance Contracts Avoidance
Recommendation 4.6
Limiting circumstances where insurers can avoid life insurance contracts
Claims Handling Exemption
Recommendation 4.8
Removal of claims handling exemption
ASIC Board Meetings
Recommendation 6.11
Improving ASIC’s Board meeting procedures
ASIC and APRA – Oversight Authority
Recommendation 6.14
A new oversight authority for APRA and ASIC