The Government has announced the receipt of a reform package on behalf of the retail life insurance industry (effectively its response to the Trowbridge report and Financial System Inquiry). The reform package is designed to address the issues identified by ASIC in...
The Government has committed to extend the consumer unfair contract term protections to small businesses and has released for public consultation the exposure draft legislation to give effect to the extension by changes to the ASIC Act and Competition and Consumer Act...
This is a reminder that the revised General Insurance Code of Practice will come into full force for ICA members and those who have adopted the Code from 1 July 2015. Some insurers may have adopted the Code earlier. The Code affects insurers and their representatives....
ASIC REVIEW ON CREDIT CARD TRAVEL INSURANCE DISCLOSURE ASIC has issued a release on its review of credit card travel insurance disclosure identifying various concerns and the improvements adopted by the relevant credit card issuers and their...
Start of Inclusion of Advisers’ Training, Qualifications and Professional Association Memberships on the Financial Advisers Register The Register of Financial Advisers which is maintained by ASIC at the MoneySmart website, requires AFSL holders to provide certain...
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