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Showing 21 - 30 of 43 results for "Australian Credit Licence"

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... Treasury Laws Amendment (2018 Measures No 2) Bill 2018 This Bill provides certain exemptions to AFSL and Australian Credit Licence requirements when testing financial and credit products and services. It provides a framework for a 'regulatory sandbox' ...

New retirement loan launches

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... place. It's important to differentiate this product, Funder said, as Household Capital operates under an Australian credit licence and financial advisers are governed by an AFSL. In delivering financial advice versus credit advice, advisers need to think ...

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... authorising it to advise and deal in life risk insurance and superannuation products. It is also held an Australian credit licence authorising it to engage in credit activities other than as a credit provider.

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... authorising it to advise and deal in life risk insurance and superannuation products. It is also holds an Australian credit licence authorising it to engage in credit activities other than as a credit provider. The Federal Court has now ordered the AFSL ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... January 2018, Fletcher was an authorised representative of the Australian Warranty Network, which holds an Australian credit licence and provides extended warranty insurance for vehicles and asset protection. The banning came after ASIC and the Queensland ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... advice. Financial advisers must be licensed as an adviser under the Corporations Act as well as hold an Australian credit licence (under the National Consumer Credit Protection Act) to be able to provide specific advice on credit products. Only 4% of ...

Advisers must tread carefully on PLS

JAMIE WILLIAMSON  |  THURSDAY, 14 JUN 2018
... licensing rules, financial advisers cannot provide advice on the instrument unless authorised under an Australian credit licence, Aged Care Steps director Louise Biti said. As such, Biti said advisers without such authorisation are limited to providing ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... insurance and superannuation products, and deal in those products. Financial Circle Pty Ltd also holds an Australian credit licence which authorises it to engage in credit activities other than as a credit provider.

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... the amendments, eligible entities can test services in relation to certain products without an AFSL or Australian Credit Licence under conditions set out in the regulations, he said. The 24-month timeframe will test superannuation and life insurance ...

Zagga pitches alternative asset class

EMMA RAPAPORT  |  FRIDAY, 30 JUN 2017
... determine the interest rates for each loan. Backed by an Australian Financial Services Licence and an Australian Credit Licence, Zagga hopes to differentiate itself from other marketplace lenders by providing a lending platform where all loans will be ...