ASIC has announced the establishment of the Financial Advisers Consultative Committee (FACC), designed to improve industry engagement with the regulator as part of ASIC’s ongoing commitment to enhancing its engagement with its stakeholders. ASIC Deputy Chairman...
On 20 April 2016, the Government announced that it would introduce an industry funding model for the Australian Securities and Investments Commission (ASIC) to recover ASIC’s regulatory costs though annual levies and fees-for-service on industry, commencing in...
Treasury has released Position and Consultation Paper 1 Self-reporting of contraventions by financial services and credit licensees. This arose after the self-reporting regime came under scrutiny in the media and in a series of inquiries into banking or banking and...
The Insurance Council of Australia (ICA) has launched a review of the General Insurance Code of Practice (the Code) to ensure it remains relevant and keeps pace with recent developments affecting the industry. This came about as a result of two current Senate...
The Civil Liability (Third Party Claims Against Insurers) Act 2017 No. 19 (NSW) was assented to on 1 June 2017 and amends the Law Reform (Miscellaneous Provisions) Act 1946 No. 33 (NSW). The object of the Act is to give effect to the recommendations of the NSW Law...
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