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Showing 71 - 80 of 201 results for "Consultation Paper"

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... continuing and will not affect the PYSP requirements and amendments to Class Order 14/1252. ASIC is drafting Consultation Paper 308 in response to regulatory expert Darren McShane's review of RG97, and is currently reviewing submissions. A number ...

Name and shame super sectors: AIST

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... Complaints Authority to report which superannuation sectors are most complained about. In a submission to AFCA's consultation paper on proposed arrangements for comparative reporting of complaint data, the AIST said AFCA's proposal to include the number ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... diversify into an asset class they currently have limited direct access to." The Government says it will release a consultation paper this year with the aim of informing a new legislative package. Robert says the legislation will simplify disclosure ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... rather than complex terms, conditions and exclusions, which vary considerably between products," he wrote in the consultation paper. It may also improve the claims handling process and reduce the need for members to engage lawyers when making a claim. ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report, outlining further regulatory power for ASIC. Treasurer Josh Frydenberg ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... concern is that claims handling staff may suddenly be deemed as providing personal financial advice. A Treasury consultation paper released late last week argues removing just the insurance claims handling exemption might create uncertainty over what ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's key recommendations to force banks and wealth managers to disclose costs relating ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... engaged with more than 120 industry stakeholders and analysed the practical implementation of RG97. ASIC's Consultation Paper 308 is endorsing some of McShane's recommendations that proposes super funds to: modify fees and costs templates and ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... Darren McShane's independent review (Report 581) of RG97 that was released in July. At the time, ASIC said a consultation paper will be released before the end of 2018. This is now due for release in January 2019. RG97 has experienced extensive delays ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... industry while providing transparency and useable comparability for consumers. ASIC said it will release a consultation paper in response to the issues raised in the report in the first half of the 2018-19 financial year. In November 2017, ASIC appointed ...