On 29 November 2016, the Senate referred the following matters to the Economics References Committee for inquiry and report in 2018: The regulatory framework for the protection of consumers, including small businesses, in the banking, insurance and financial services...
On 22 November 2016, the Senate referred the following matters to the Senate Economics References Committee for inquiry and report by 22 June 2017: the increase in the cost of home, strata and car insurance cover over the past decade in comparison to wage growth over...
As a result of a request of the Treasurer on 15 September 2016, the House of Representative’s Standing Committee on Economics undertook a review of the Four Major Banks and has released its First Report. The report makes significant broad ranging recommendations that...
ASIC issued a warning to AFS licensees with a financial year ending 30 June 2016 who are required to lodge their profit and loss statements and the balance sheets by 31 October 2016. ASIC advised that since November 2015, it has cancelled three AFS advice licences and...
The Privacy Amendment (Notifiable Data Breaches) Bill 2016 (“Privacy Data Breaches Bill”) has been introduced to Parliament and is currently before the House of Representatives. The Privacy Data Breaches Bill implements recommendations of: the...
ASIC has released Life insurance claims: An industry review ASIC Report 498 which has significant implications for whole insurance industry and should be considered carefully to ensure ASIC’s concerns are properly addressed. Despite the high life insurance average...
Recent Comments