March 2016


March 24, 2016 5:30 PM | Posted by Richard Batten and Justin Locke | Permalink
ASIC has made some important observations about conflicts management practices in the funds management sector which have broad relevance not confined to fund managers. read more
March 24, 2016 12:24 AM | Posted by Batten, Richard | Permalink

 ASIC has released draft guidance on digital advice with can be summarised in 3 simple 'laws'.

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March 2, 2016 12:07 PM | Posted by Hamman, Eibhlin | Permalink
The Competition and Consumer Amendment (Payment Surcharges) Bill was passed by the Senate on 22 February 2016, and once enacted will amend the Competition and Consumer Act 2010 (Cth) to establish a legislative and regulatory framework to ban excessive payment surcharges, including those imposed for payment by credit card. read more
March 1, 2016 8:22 PM | Posted by Batten, Richard | Permalink
ASIC is calling for insurers provide further assistance to consumers to help them make good decisions about home insurance and to review the way they distribute add-on insurance.  This relates to FSI recommendations 21 and 26.  The Government said it would introduce a new product design and distribution duty and support industry initiatives to improve consumer understanding but it seems ASIC is not willing to wait for that. read more