EXECUTIVE SUMMARY The ASIC Enforcement Review has released Position and Consultation Paper 8 – ASIC’s Directions Powers. This is considering reform to the existing financial services and credit licensing regimes by giving ASIC the power to direct financial...
Youi has refunded 102 consumers approximately $14,000 in total, and will pay $150,000 as a community benefit payment to the Financial Rights Legal Centre’s Insurance Law Service, after ASIC raised concerns about its home and car insurance sales practices. Youi...
EXECUTIVE SUMMARY On 25 May 2017, the Treasurer, the Hon Scott Morrison MP, directed the Australian Competition and Consumer Commission (ACCC) to hold an inquiry into the supply of home, contents and strata insurance products to consumers in northern Australia (the...
NSW ESL Two additional draft guidelines have been released for consultation (on 16 November 2017): Guidelines on the use of enforceable undertakings Guidelines on over-collection of ESL (including refund undertakings) Comments on the draft guidelines are to be...
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