RG 272 Product intervention power
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.