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...
Background on ASIC focus on compliance culture ASIC’s focus on the compliance culture within organisations continues with ASIC’s Media release on Affected consumers to be compensated as ASIC accepts EU from ACE Insurance being the latest example of how ASIC is taking...
AAMI Penalised for Misleading Car Insurance Advertising ASIC has issued two infringement notices ($10,200 each) for false or misleading advertisements promoting AAMI car insurance. This is an example of why extreme care needs to be taken in utilizing any form of...
Update on ASIC Authorised Representative Register Executive Summary ASIC is making changes to the ASIC register of Authorised Representatives that will take effect from 3 March 2015 and will affect all Australian Financial Services licensees. The changes will affect...
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