Financial Services and Regulatory

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Life Insurance update

Welcome to our update, bringing you the latest in Life Insurance news. During Life@AILA’s webinar on Tuesday, 13 October 2020,…

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ASIC’s new product intervention power

As part of its response to the Financial System Inquiry, the Australian Government introduced a product intervention power to enable…

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ASIC Consults on Responsible Lending

Summary The Australian Securities and Investments Commission (ASIC) has released Consultation Paper 309 – Update to RG 209 (Consultation Paper)….

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ASIC consults on credit card responsible lending assessments

ASIC has today issued Consultation Paper: Responsible Lending Assessments (CP 303) which proposes for a 3 year period to be…

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Foreign Financial Service Providers – Extension of ASIC Licensing Relief and Consultation

The Australian Securities and Investment Commission (ASIC) has made seven class orders that conditionally exempted foreign financial service providers (FFSP)…

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Eliminating unfair contract terms in small business lending contracts

The Australian Securities and Investments Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has issued a…

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