Life Insurance

Financial product design & intervention powers – updated draft legislation released

Written by Philip Hopley The federal government has just released for public consultation a second exposure draft of the legislation that will introduce financial product design and distribution obligations into the Corporations Act and give ASIC new enforcement powers, which … Continue reading

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Filed under ASIC Guidance, Financial Products & Advice, Financial Services Regulation, Life Insurance, Regulation & Remediation, Superannuation

When utmost good faith is not good enough

Written by Philip Hopley There is just over a month left for stakeholders to provide views on a proposed model that will implement the government’s policy to apply unfair contract terms legislation to life and general insurance contracts for consumers … Continue reading

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Filed under Australia, Financial Products & Advice, Financial Services Regulation, Life Insurance

Welcome to the HSF Regulatory, Governance, Remediation and Culture Portal

Our Regulatory, Governance, Remediation and Culture team (RGRC) will bring you thoughtful insights, RGRC updates and industry highlights.¬† We would¬†love for you to interact with us, so feel free to leave a comment, or reach out to us directly. We … Continue reading

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Filed under AML/CTF & Sanctions, Australia, Banking, Credit, Culture & Governance, Financial Products & Advice, Fintech, Life Insurance, Privacy & Open Banking, Regulation & Remediation, Superannuation, Uncategorized