On 25 February 2016, the Senate referred the provisions of the Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 to the Economics Legislation Committee for inquiry and report by 15 March 2016. The Committee has released its report and is of...
ASIC has required a number of Australian Financial Services Licensees, including an insurance broker to remove or amend claims made about the independence of their services in marketing and promotional materials. Under the Corporations Act, a person who carries on a...
ASIC is calling on insurers to significantly improve consumer outcomes in its based on two reports relating to add-on insurance products commonly sold to consumers when purchasing cars: Buying add-on insurance in car yards: why it can be hard to say no (Rep 470); and...
