Issued 17 June 2020
The product intervention power is one of several regulatory tools available to ASIC to improve consumer outcomes. It allows ASIC to temporarily intervene in a range of ways, including to ban financial products and credit products when there is a risk of significant consumer detriment.
This guide provides an overview of the product intervention power and explains:
- the scope of the power
- when and how ASIC may exercise the power to make a product intervention order
- how a product intervention order is made.