Legislation and regulation

False

The following exposure draft legislation and regulations have been prepared following the Government response to the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

 

Financial Accountability Regime Minister Rules 2022
Draft Legislation
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Closed
Financial Services Compensation Scheme of Last Resort
Draft Regulation
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Closed
Financial Accountability Regime (Consequential Amendments and Transitional Provisions) Bill 2021
Exposure Draft
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Closed
Regulation - Deferred Sales Model Exemptions
Exposure Draft
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Closed
Financial Accountability Regime – July 2021
Exposure Draft
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Closed
Recommendation 2.10 – Single Disciplinary Body for Financial Advisers
Exposure Draft
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Closed
Recommendation 4.8 - Making insurance claims handling a financial service
Exposure Draft
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Closed
Enhancing consumer protections and strengthening regulators
Exposure Draft
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Closed
Recommendations 2.1 and 2.2 - Ongoing fee arrangement and disclosure of lack of independence
Exposure Draft
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Closed
Recommendation 3.1: No other role or office
Exposure Draft
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Closed
Recommendation 4.2 - Restricting use of the term ‘Insurance’ and ‘Insurer’
Exposure Draft
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Closed
Recommendation 3.4 and 4.1 - No hawking of financial products
Exposure Draft
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Closed
Recommendation 7.2 - ASIC Directions Power
Exposure Draft
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Closed
Recommendations 3.2 and 3.3 - Advice fees in superannuation
Exposure Draft
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Closed
Recommendation 1.15 - Enforceability of financial services industry codes
Exposure Draft
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Closed
Recommendation 4.5 - Duty to take reasonable care not to make a misrepresentation to an insurer
Exposure Draft
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Closed
Recommendation 4.3 - Deferred sales model for add-on insurance
Exposure Draft
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Closed
Recommendation 3.8, 6.3, 6.4 and 6.5 - Superannuation regulator roles
Exposure Draft
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Closed
Recommendations 1.6, 2.7, 2.8, 2.9 and 7.2 Strengthening breach reporting
Exposure Draft
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Closed
Recommendation 6.14 - Financial Regulator Oversight Authority
Exposure Draft
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Closed