ASIC Consults on Establishing a Financial Services Panel

In December 2015, the report of the ASIC Capability Review made a number of findings about ASIC. Of relevance, recommendation 28 states as follows: ‘ASIC to proactively develop opportunities to enhance the use of co-regulation for selected groups of the regulated...

ASIC Establishes Financial Advisers Consultative Committee

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...

ASIC Proposed Industry Funding Model

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...

Update on Third Party Claims Against Insurers (Bridgecorp)

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...