Released 19 November 2020. Comments close 29 January 2021.
This consultation paper seeks feedback on our proposed approach to implementing aspects of the law reform arising from Royal Commission Recommendations 1.6 and 2.7. These recommendations relate to the reference checking and information sharing protocol for financial advisers and mortgage brokers.
Download
- Consultation Paper 333 (PDF 505KB)
- Attachment 1 to CP 333 draft instrument (PDF 268KB)
- Attachment 2 to CP 333 draft information sheet (PDF 326KB)
Related documents
- REP 694 Response to submissions on CP 333
- RG 104 AFS licensing: Meeting the general obligations
- RG 205 Credit licensing: General conduct obligations
- INFO 126 Credit representatives
- INFO 134 Complying with your obligations if both credit licensee and AFS licensee
- INFO 229 Limited AFS licensees: Complying with your licensing obligations
- INFO 257 ASIC reference checking and information sharing protocol
- Example template reference request: Reference for a mortgage broker (125KB)
- Example template reference request: Reference for a financial adviser (389KB)
Submissions
(non-confidential)
- Association of Financial Advisers (PDF 393KB)
- Association of Securities & Derivatives Advisers of Australia (PDF 7MB)
- Astute Financial Management (PDF 270KB)
- Australian Banking Association (PDF 235KB)
- Australian Finance Group (PDF 295KB)
- Australian Finance Industry Association (PDF 98KB)
- Australian Financial Markets Association (PDF 143KB)
- Australian Small Business and Family Enterprise Ombudsman (PDF 165KB)
- Combined Industry Forum (PDF 198KB)
- Finance Brokers Association of Australia (PDF 574KB)
- Financial Planning Association of Australia (PDF 98KB)
- Financial Services Council (PDF 609KB)
- Home Loan Experts (PDF 120KB)
- Industry Fund Services (PDF 241KB)
- Legal Aid Queensland (PDF 206KB)
- Mortgage & Finance Association of Australia (PDF 264KB)
- Stockbrokers and Financial Advisers Association (PDF 265KB)
- Stripe Payments Australia (PDF 67KB)