BACKGROUND Today the Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, announced that the Turnbull Government will introduce legislation into the Parliament this year to mandate professional standards for financial advisers. This follows the...
The terms of reference for the independent review into the financial system’s external dispute resolution and complaints framework have been released by Minister for Revenue and Financial Services, Kelly O’Dwyer MP. The role, powers, governance and accountability of...
Mark recently presented at the AILA Twilight Seminar on the future of general insurance product disclosure with Peter Kell (ASIC), Richard Enthoven (Greenstone), Michael Gill (DLA Piper) and Robet Kelly (Steadfast). For a copy of the presentation slides email us a...
Last updated 13 July 2016 Background On 12 July 2016 ASIC issued a media release advising that in response to ASIC concerns Optus Insurance Services Pty Ltd (Optus) will refund approximately $2.4 million (including interest) to around 175,000 Optus mobile phone...
Current as at 15 July 2016 EXECUTIVE SUMMARY ASIC Class Order 08/1 Group Purchasing Bodies (GPBs) has yet again been amended to extend the transition period for the breach reporting requirements in relation to the Class Order relief. The above is aimed to allow ASIC,...
(Current as at 12 April 2016) On 7 April 2016 the Government released Exposure Draft Regulations intended to implement the Government’s retail life insurance advice reform package in conjunction with the Corporations Amendment (Life Insurance...
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