Posts Tagged ASIC
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ASIC’s activity report
The powers of the nation's most extensive financial regulator have just expanded, as has its clout... BY DAVID JACOBSON Did you know that ASIC monitors online, print, TV and radio ads as well as seminars promoting financial products? The information ASIC gathers is included in its researc...
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Exit stage left
As ASIC consults with the industry on how it should enforce tougher rules targeting mortgage exit fees under new unfair contract laws, how worried are the lenders? BY ELTON CANE The Australian Securities and Investments Commission released a paper on June 27 consulting the industry on how it ...
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Count on Abacus?
Abacus' new ad campaign that champions mutual institutions over banks is reliable, says CEO Louise Petschler BY CHARIS PALMER The mutual financial sector plans to push on with an advertising campaign designed to raise awareness of credit unions and building societies, despite coming under att...
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Regulation promises safer lending
Now that ASIC has issued its guidelines detailing obligations for responsible lending, credit institutions can start their final phases of compliance BY ELTON CANE In July this year, the first stages of the newly revised Australian Consumer Law will come into effect. Based on the existing co...
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When is comment advice?
ASIC has released a consultation paper on regulating internet discussion sites that operate in the financial services space. The current Policy for Internet Discussion Sites (IDS) has not been reviewed since its inception in 2000. Since then the Corporations Act 2001 and Financial Services Act 2001 ...
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Super calculators not so super
The introduction of Choice of Fund in 2005 and recent legislative changes have heralded many changes in the highly competitive superannuation market.Funds now actively compete for new customers and the online channel has emerged as a critical component of customer acquisition strategies. Fund websit...
