Search Results | Showing 11 - 20 of 39 results for %22Hawking%22 |
| | ... obligations. From October 5, the industry must also comply with the new design and distribution obligations, new restrictions on hawking, the deferred sales model for add-on insurance, and updated internal dispute resolution requirements. Outlining the ... |
| | | The corporate regulator has opened consultation for the proposed ban to hawking of financial products. Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking ... |
| | | ... likely position themselves favourably to these potential members but will need to be careful they don't breach anti-hawking legislation. Rice Warner suggested trustees be exempt from such regulation given that the performance test will weed out underperformers ... |
| | | ... Royal Commission Response) Bill 2020 addresses 20 recommendations from the 2018 inquiry. The new law will prevent the hawking of all financial products - insurance products, superannuation, shares and other managed investment schemes - via an unsolicited ... |
| | | ... also engaged in misleading or deceptive conduct and made false or misleading statements. ASIC said it also contravened hawking prohibitions by making unsolicited calls to potential clients and failed to take reasonable steps to ensure its representatives ... |
| | | ... some tight rules around it. It'll be restricted to this particular package and there's likely to be rules around anti-hawking for starters," Marshan said. SMSF Association policy manager Franco Morelli said the provision of strategic advice is something ... |
| | | ... for his AFSL number. "He literally could not repeat back AFSL to me," Craggs said. "I said do you understand the anti-hawking provisions? Nothing. And I went, 'Mate what you're doing is illegal. You're not allowed to do this'. "Forget about legalities ... |
| | | ... which the government is also acting on through this round of new legislation. Additionally, the government will ban the hawking of super products, formally adjust APRA and ASIC's roles in relation to superannuation, and provide ASIC with joint responsibility ... |
| | | ... outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer outcomes and destroy ... |
| | | CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ... |
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