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Showing 31 - 40 of 137 results for "Consumer Protections"

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... group is pleased to see that creation of the new class of advisers is accompanied by strong regulations and consumer protections. "These reforms are a clear signal of the government's commitment to delivering better outcomes for Australians by addressing ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... household purpose, like a home loan - which would otherwise be captured by the National Credit Code and carry consumer protections. Some of the companies had no or minimal assets or current trading activities, and some were established purely to obtain ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... member funds. The amendments to the bill facilitate the passage of the first tranche immediately, maintain consumer protections, and support access to financial advice for the five million Australians at or approaching retirement," he said. Financial ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... together to secure the swift passage of these reforms" that extend access to financial advice with strong consumer protections to more Australians and are currently before parliament. Such reforms will ensure millions of Australians can plan confidently ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... superannuation products, not financial advice services. "Anti-hawking laws should be tightened, and current consumer protections locked into law to stop dodgy financial advisers using click-bait social media posts, cold-calls and pressure sales tactics ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... unfortunate that there are a small few who take advantage of the trust bestowed on them. "Ensuring some basic consumer protections works to lift trust in the financial services industry and the professions that support it. This crucial safety net for ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... their business in compliance with financial services laws," ASIC said. "The requirements provide important consumer protections in seeking to reduce the risk of a disorderly wind-up, in the event the business fails." JB Markets had held its AFSL since ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... to a prevalence of superficial, often conflicted advice, no regulatory oversight, and a lack of essential consumer protections, which may place the client at substantial risk and lead to decisions that are not well-informed." The consultation will also ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... when it comes to setting up an ongoing adviser arrangement with trustees to pay for advice and no additional consumer protections, when the overarching objective of the bill is to lessen compliance and administrative burdens. In introducing the bill ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... being offered without the appropriate licence or authorisation and therefore without the benefit of important consumer protections." Justice Markovic concluded that "ASIC has not established that the Finder Earn product is a debenture within the meaning ...