RG 195 Group purchasing bodies for insurance and risk products

Issued 29 June 2010

This is a guide for group purchasing bodies—that is, persons who arrange or hold risk management products to cover other persons’ risks but do not:

  • issue risk management products (other than interests in a risk management scheme); or
  • provide any financial product advice (other than as a result of providing certain general information about the risk management product).

This guide explains the relief ASIC has given in Class Order [CO 08/1] Group purchasing bodies from the licensing and managed investments provisions (Chs 7 and 5C) of the Corporations Act 2001, and what group purchasing bodies must do in order to receive the benefit of this relief.

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Last updated: 29/06/2010 12:00