The NSW Revenue Commissioner has issued Practice Note No. CPN 001 General Insurance – Small Business Exemption – Small Business Declaration which provides guidance on: the way a small business declaration can be made for the purposes of obtaining an exemption from...
17-421MR ASIC updates guidance on conflicted remuneration ASIC has updated Regulatory Guide 246 (RG 246), now titled Conflicted and other banned remuneration. The conflicted and other banned remuneration provisions were introduced as part of the Future of...
17-422MR ASIC releases new example Statement of Advice for life insurance ASIC has released its new example SoA for life insurance as part of updates to Regulatory Guide 90 Example Statement of Advice: Scaled advice for a new client (RG 90) and the Government’s...
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...
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