CP 286 Remaking ASIC class orders on mortgage offset accounts and factoring arrangements
Released 7 June 2017. Comments close 6 July 2017.
This consultation paper sets out ASIC’s proposals to remake our class orders on mortgage offset accounts and debt factoring. Under the Legislation Act 2003, these class orders will expire (‘sunset’) if not remade.
We are seeking feedback from mortgage brokers, and providers and users of debt factoring arrangements, on our proposals to remake, without significant changes, the following class orders:
- Class Order [CO 03/1048] Mortgage offset accounts, which is due to expire on 1 October 2017; and
- Class Order [CO 04/239] Factoring arrangements: Licensing, hawking and disclosure relief, which is due to expire on 1 October 2017.