Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 6 of 6 results for "AFCA Scheme"

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
... penalties, Justice Downes said: "Cooperation by AFCA members with AFCA is important to the effective running of the AFCA Scheme." "The conduct involved undermined the effective operation of AFCA's processes and the resolution of the complaints by the ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... to contact parties that can now make a dispute. AFCA's expanded jurisdiction followed the introduction of the AFCA Scheme (Additional Condition) Amendment Authorisation 2019 which requires AFCA, for 12 months, to accept complaints about conduct dating ...

ASIC approves AFCA rules change

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
... government earlier this year. Under the government's additional condition, AFCA is now required to provide access to the AFCA scheme for consumers and small businesses harmed by financial misconduct as far back as January 2008. AFCA will be able to deal ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... requirements, all financial firms including most credit representatives that deal with retail clients must join the AFCA scheme by 21 September 2018. Almost all Financial Ombudsman Scheme members have transferred their membership to AFCA, ASIC said. ...

Complaints authority welcomes new chair

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
... able to appoint a minority of the AFCA board within six months of authorising a not-for-profit company to operate the AFCA scheme. "Following the authorisation of AFCA, I intend to make other appointments to the AFCA board, including consumer and industry ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... explanatory memorandum noted "certain complaints relating to self-managed superannuation funds cannot be made under the AFCA scheme." "A key characteristic of an SMSF is that the trustees of an SMSF are also members of the SMSF. For this reason it would ...
PAGE:
1