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Showing 61 - 70 of 137 results for "Consumer Protections"

Consultation opens on crypto regulation bill

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... executive Caroline Bowler said: "We agree with the intended outcomes of senator Braggs draft bill - strengthened consumer protections and increased investment are both necessary for a stronger Australia. The draft bill proposes to regulate the activities ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... detailing a framework that allows consumers to get advice on the topics they need, with all the necessary consumer protections, and through a channel that suits them, rather than a one-size-fits-all model." He added: "The financial advice industry can ...

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
... executive Caroline Bowler is pleased with the government's announcement regarding both token mapping and consumer protections. "This move recognises the significance of digital asset infrastructure for the future of Australia, and we look forward to ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... "Otherwise, they are completely resistant to any form of regulatory relief that could have any consequences for consumer protections, even though it might significantly reduce the cost of providing advice," the AFA said. Choice has opposed any change ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... Xavier O'Halloran has said that, ahead of the Quality of Advice review, super funds are lobbying to remove the consumer protections around intra-fund advice. "There are serious questions about the value of getting advice from a super fund with inherent ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... announcement of CALI comes as the FSC released the latest iteration of the Code of Practice, adding a further 50 consumer protections. "A priority for the FSC is ensuring continuity of consumer protections in the life insurance industry. The FSC and ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... and influencers." He added that the growing number of Australians purchasing crypto assets have inadequate consumer protections. Veyret said: "CHOICE is hearing from many Australians about financial loss and other harm caused by purchasing crypto assets ...

The Advisers Association appoints chair

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... to ensure Australian consumers can have access to quality, affordable advice, without reducing necessary consumer protections. "We will also engage with the government's Quality of Advice Review this year to remove unnecessary red-tape for advisers ...

ClearView welcomes chief risk officer

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... and compliance team, reporting to managing director Simon Swanson. Reece said: "Initiatives to strengthen consumer protections and continuously improve systems and processes are front of mind at ClearView, and I look forward to supporting Simon and his ...