AFCA has welcomed ASIC’s assessment that continuing credit contracts cause consumer detriment and that the regulator’s product intervention powers should be utilised....

Informing consumers will sit at the heart of the Australian Securities and Investments Commission’s use of its new product intervention powers....

Saxo Capital Markets has welcomed ASIC product intervention powers and reinforced the importance of responsible leverage....

In a last legislative act by the current Parliament, the Australian Securities and Investments Commission has been handed its product intervention powers....

The Australian Securities and Investments Commission has declared that just because behaviour is lawful does not make it an excuse where consumer detriment is concerned....

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

The Australian Baking Association has warned that new Design and Distribution laws may result in bank staff being mistaken for advisers....

A key Senate Committee has been told that the Government’s new Design and Distribution Obligations and Product Intervention powers risk putting advisers in conflict with ...

The Australian Securities and Investments Commission is arguing that giving it product sales training intervention powers may reduce the need for it to take extreme actio...

The Financial Planning Association has suggested risk rating financial products to better target consumer protections....