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Design and Distribution Obligations and Product Intervention Power - Draft Legislation

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Draft Legislation

Key Documents

As part of the Government’s response to the Financial System Inquiry (FSI), Improving Australia’s Financial System 2015, the Government accepted the FSI’s recommendations to introduce:

  • design and distribution obligations for financial products to ensure that products are targeted at the right people (FSI recommendation 21); and
  • a temporary product intervention power for the Australian Securities and Investments Commission when there is a risk of significant consumer detriment (FSI recommendation 22).

This consultation seeks stakeholder views on the exposure draft of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 which implements these measures.

Submissions

35 submissions were received for this consultation.

Afterpay Touch Group - pdf 161.52 KB
AMP - pdf 318.78 KB
ANZ - pdf 277.25 KB
ASX - pdf 243.18 KB
BMW Australia Finance - pdf 62.77 KB
CFD and FX Forum - pdf 2.56 MB
Chapman Tripp - pdf 122.41 KB
ClearView Wealth Limited - pdf 134.69 KB
IG Markets Limited - pdf 3.12 MB
Industry Super Australia - pdf 523.24 KB
Joint Consumer Groups - pdf 785.61 KB
Legal Aid NSW - pdf 354.11 KB
Mercer - pdf 96.08 KB
Minter Ellison - pdf 202.32 KB
NAB - pdf 3.13 MB
SMSF Association - pdf 345.87 KB
UniSuper - pdf 320.62 KB
Walsh and Company - pdf 99.56 KB