Mutual Entities Bill 2018: Tranche 2 On 26 November 2018, the Commonwealth Government released for public consultation an exposure draft…
Insights Sectors: Financial Services
Oct 9, 2018
INSIGHT: Financial Services Royal Commission – The Interim Report – Emerging Regulatory Themes
The Interim Report of the Financial Services Royal Commission was tabled in Parliament on 28 September 2018. There has been…
Apr 27, 2018
INSIGHT: How Australian Financial Complaints Authority (AFCA) may impact your business
From 1 November 2018 (changed from the initial start date of 1 July 2018), AFCA will start accepting consumer complaints…
Apr 27, 2018
INSIGHT: Unfair Contract Protections Capture Standard Contract Loans to Small Businesses
Lending to a small business under a standard form loan contract will be susceptible to new unfair contract terms protections…
Apr 27, 2018
INSIGHT: Are Financial Service Providers prepared for the mandatory data breach notification regime?
From 22 February 2018, mandatory data breach notification will apply to any individual or organisation regulated by the Privacy Act…
Apr 9, 2018
INSIGHT: Insurance Broker Remuneration – 5 Legal Considerations
1. Commission Documentation Brokers should ensure that all commission, remuneration and financial benefit arrangements with insurers is appropriately documented…
Apr 6, 2018
INSIGHT: Misleading Advertising in Financial Services
Financial services providers need to take care to ensure that their advertising does not mislead consumers and that any qualification…
Dec 18, 2017
INSIGHT: Release of Insurance in Superannuation Voluntary Code of Practice
On 18 December 2017, the Insurance in Superannuation Working Group (ISWG) released the “Insurance in Superannuation Voluntary Code of Practice”…
Nov 30, 2017
INSIGHT: PI Cover for AFS Licensees – Check your cover as not all PI policies have the same cover
Recent amendments to Regulatory Guide 126 highlight that financial service providers should regularly review their PI cover to ensure compliance…
Nov 30, 2017
INSIGHT: Standard Contract Terms and Conditions for Derivatives Trading and Broker Rights
In derivatives trading disputes a financial services provider may seek to rely on the terms and conditions of the client…
Nov 30, 2017
INSIGHT: New Legislation Introduces Ban on Excessive Payment Surcharges
On 1 September 2017, a ban was imposed on the practice of charging customers excessive surcharges on card payments pursuant to…