1. Commission Documentation Brokers should ensure that all commission, remuneration and financial benefit arrangements with insurers is appropriately documented…
Insights Sectors: Financial Services
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…
Nov 30, 2017
INSIGHT: Expanded Protection for Whistleblowers in Corporate, Financial and Credit Sectors including Tax Misconduct
On 23 October 2017, the Commonwealth Government released an exposure draft of the Treasury Laws Amendment (Whistleblowers) Bill 2017 which…
Oct 5, 2017
INSIGHT: Wright and Wrong
The Federal Court in Victoria recently considered an appeal by ASIC against a decision of the Administrative Appeals Tribunal (AAT)…
Oct 5, 2017
INSIGHT: Crowd-sourced funding for start-ups and SMEs – offering shares to retail investors
From 29 September 2017, public companies may offer ordinary shares to retail investors under the equity-based crowd-sourced funding regime through…
Oct 5, 2017
INSIGHT: Proposed new Insurance Code of Practice for Superannuation Trustees
On 20 September 2017, the Insurance in Superannuation Working Group (ISWG) released a draft Insurance Code of Practice for Superannuation…
Aug 19, 2017
INSIGHT: Court’s disdain for disability claim
Justice Pembroke’s decision in Doltic v Hannover Life Re of Australasia Limited in the Supreme Court of New South Wales…