Recommendation 7.1 – Compensation SchemeCompensation scheme of last resort Recommendation 7.2 – ASIC Enforcement ReviewImplementing the ASIC Enforcement Review Taskforce’s directions power recommendations
Tag: recommendation
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 …
B – E
BEAR – Financial Institutions Recommendation 6.8 – End 2020Extending the BEAR to all APRA‑regulated financial services institutions BEAR – Insurers Recommendation 4.12 – End 2020Extending the BEAR to APRA‑regulated insurers BEAR – Joint Administration Recommendation 6.6 – End 2020Joint administration Read More …
End 2020
BEAR – Regulated Financial EntitiesAdditional CommitmentExtension of the executive accountability regime to non-prudentially regulated financial entities to be administered by ASIC. Financial Advisor Disciplinary SystemRecommendation 2.10A new disciplinary system for financial advisers BEAR – RSERecommendation 3.9Extending the Banking Executive Accountability Read More …