Financial products

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See also 

Regulatory index topic: Credit  

ASIC's product intervention power

20-139MR ASIC releases guidance on its product intervention power

See

RG 272 Product intervention power

REP 661 Response to submissions on CP 313 Product intervention power (see CP 313 and submissions; and 19-157MR)

CP 324 Product intervention: The sale of add-on financial products through caryard intermediaries (see 19-267MR)

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Product design and distribution obligations

20-109MR ASIC defers commencement of mortgage broker reforms and design and distribution obligations

See 

ASIC Corporations (Deferral of Design and Distribution Obligations) Instrument 2020/486

20-320MR ASIC releases regulatory guide on product design and distribution obligations

See

RG 274 Product design and distribution obligations

REP 674 Response to submissions on CP 325 Product design and distribution obligations (see CP 325 and submissions; and 19-369MR)

ASIC Corporations (Design and Distribution Obligations—Exchange Traded Products) Instrument 2020/1090

INFO 264 FAQs: Design and distribution obligations for advice licensees and financial advisers (see news item)

ASIC Corporations (Design and Distribution Obligations Interim Measures) Instrument 2021/784

ASIC Corporations (Amendment) Instrument 2021/785

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Add-on financial products

21-189MR ASIC releases guidance and customer information requirements to implement the new add-on insurance deferred sales model

See

RG 275 The deferred sales model for add-on insurance

ASIC (Information under the Deferred Sales Model for Add-On Insurance) Instrument 2021/632

REP 695 Response to submissions on CP 339 on the deferred sales model for add-on insurance (see CP 339 and submissions; and 21-043MR)

See also

19-267MR ASIC consults on reforms to sale of add-on financial products sold with cars

CP 324 Product intervention: The sale of add-on financial products through caryard intermediaries

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Binary options

21-064MR ASIC bans the sale of binary options to retail clients 

See

Corporations (Product Intervention Order—Binary Options) Instrument 2021/240

Public intervention order notice (PDF 673 KB)

See also

19-220MR ASIC proposes ban on the sale of binary options to retail clients, and restrictions on the sale of CFDs

CP 322 Product intervention: OTC binary options and CFDs

REP 626 Consumer harm from OTC binary options and CFDs

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Contracts for difference (CFDs)

21-274MR ASIC proposes extending its CFD product intervention order (18 September 2021)

See

CP 348 Extension of the CFD Product Intervention Order (18 September 2021)

ASIC Corporations (Product Intervention Order—Contracts for Difference) Instrument 2020/986

Public intervention order notice (PDF 182KB)

20-254MR ASIC product intervention order strengthens CFD protections

21-060MR ASIC’s CFD product intervention order takes effect

See also

19-220MR ASIC proposes ban on the sale of binary options to retail clients, and restrictions on the sale of CFDs

CP 322 Product intervention: OTC binary options and CFDs

REP 626 Consumer harm from OTC binary options and CFDs

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Crypto-assets

INFO 225 Initial coin offerings

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Deposit products

RG 40 ASIC’s guide to good transaction fee disclosure for bank, building society and credit union deposit and payments products (transaction accounts)

CO 11/927 Australian financial services licensing exemption for NGOs (Non-government organisations) providing basic deposit advice

CO 14/1262 Relief for 31 day notice term deposits

ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683

ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795

REP 584 Improved protections for deposit accounts with third-party access

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Derivatives

RG 227 Over-the-counter contracts for difference: Improving disclosure for retail investors

ASIC Corporations (Exchange-Traded Derivatives: Multiple Issuers) Instrument 2016/883

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Extended warranties

20-179MR ASIC consults on proposed product intervention order for the sale of add-on motor vehicle financial risk products

See 

INFO 198 Extended warranties

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Funeral expenses facilities

20-076MR ASIC provides information on funeral expenses reform

See

INFO 243 Licensing requirements for providers of funeral expenses facilities

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General insurance

ASIC Corporations (Basic Deposit and General Insurance Product Distribution) Instrument 2015/682

REP 7 Consumer understanding of flood insurance 

REP 54 Making home insurance better

REP 89 Getting home insurance right: a report on home building underinsurance

REP 415 Review of the sale of home insurance

REP 416 Insuring your home: Consumers’ experiences buying home insurance

REP 424 Review of no-claims discount schemes

REP 454 Funeral insurance: A snapshot

REP 470 Buying add-on insurance in car yards: Why it can be hard to say no

REP 492 A market that is failing consumers: The sale of add-on insurance through car dealers

REP 621 Roadblocks and roundabouts: A review of car insurance claim investigations

REP 622 Consumer credit insurance: Poor value products and harmful sales practices

REP 633 Holes in the safety net: A review of TPD insurance claims  

REP 621 Roadblocks and roundabouts: A review of car insurance claim investigations (see 19-172MR)

REP 622 Consumer credit insurance: Poor value products and harmful sales practices (see 19-180MR)

INFO 210 Unfair contract term protections for consumers (see 20-248MR

INFO 211 Unfair contract term protections for small businesses (see 20-248MR)

INFO 253 Claims handling and settling: How to comply with your AFS licence obligations (see 21-067MR)

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Life products

19-335MR ASIC to ban unfair cold call sales of direct life insurance and CCI

See

ASIC Corporations (Hawking—Life Risk Insurance and Consumer Credit Insurance) Instrument 2019/839

REP 640 Response to submissions on CP 317 Unsolicited telephone sales of direct life insurance and consumer credit insurance (see CP 317 and submissions; and 19-188MR)

RG 38 The hawking prohibitions

RG 195 Group purchasing bodies for insurance and risk products

ASIC Corporations (Life Insurance Commissions) Instrument 2017/510

ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751

INFO 218 Disputes about life insurance

REP 10 Final report of the national life insurance disability campaign

REP 413 Review of retail life insurance advice

REP 471 The sale of life insurance through car dealers: Taking consumers for a ride

REP 498 Life insurance claims: An industry review

REP 587 The sale of direct life insurance

REP 588 Consumers’ experiences with the sale of direct life insurance

REP 591 Insurance in superannuation

REP 633 TPD insurance: Progress made but gaps remain (see 19-281MR)

REP 646 Insurance in superannuation: Industry implementation of the Voluntary Code of Practice (see 19-352MR

REP 696 TPD insurance: Progress made but gaps remain (see 21-195MR)

19-160MR APRA and ASIC publish latest data on life insurance claims and disputes (see https://www.apra.gov.au/publications/life-insurance-claims-and-disputes-statistics)

Life Insurance Claims and Disputes Statistics (APRA) (see 19-070MR)

Life insurance claims comparison tool (MoneySmart) (see 19-070MR)

INFO 253 Claims handling and settling: How to comply with your AFS licence obligations (see 21-067MR)

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Managed investment schemes and securities

See also

Home > Regulatory resources > Funds management

Home > For finance professionals > Fund operators

Regulatory index topic: Funds management

RG 161 Share and interest sale facilities

ASIC Corporations (Share and Interest Sale Facilities) Instrument 2018/99

INFO 251 AFS licensing requirement for trustees of unregistered managed investment schemes 

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Non-cash payment facilities 

RG 185 Non-cash payment facilities

ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211

INFO 225 Initial coin offerings

REP 4 Compliance with the Payments System Codes of Practice and the EFT Code of Conduct (April 1998 to March 1999)

REP 11 Compliance with the Payments System Codes of Practice and the EFT Code of Conduct (April 1999 to March 2000)

REP 13 Compliance with the Payments System Codes of Practice and the EFT Code of Conduct (April 2000 to March 2001)

REP 20 Compliance with the Payments System Codes of Practice and the EFT Code of Conduct (April 2001 to March 2002)

REP 27 Compliance with the Payments System Codes of Practice and the EFT Code of Conduct (April 2002 to March 2003)

REP 63 Compliance with the EFT Code of Conduct (April 2003 to March 2004) 

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Regulated emissions units

RG 236 Do I need an AFS licence to participate in carbon markets?

INFO 156 Regulated emissions units: Applying for or varying an AFS licence

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Schemes of arrangement

ASIC Corporations (Compromises or Arrangements) Instrument 2015/358 

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School banking programs

CP 323 Review of school banking programs (see 19-266MR)

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Securities

RG 95 Disclosing entity provisions relief

RG 141 Offers of securities on the Internet

RG 158 Advertising and publicity for offers of securities

REP 9 Online trading survey report

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Structured products

REP 340 ‘Capital protected’ and ‘capital guaranteed’ retail structured products

REP 341 Retail investor research into structured ‘capital protected’ and ‘capital guaranteed’ investments

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Superannuation and retirement savings accounts

See also

Home > Regulatory resources > Superannuation funds > Superannuation guidance, relief and legislative instruments

20-034MR ASIC and APRA welcome law reform on superannuation regulator roles 

ASIC-APRA Joint Letter – Law reform: Superannuation regulator roles (PDF 134 KB)

RG 84 Super switching advice: Questions and answers 

RG 97 Disclosing fees and costs in PDSs and periodic statements

RG 184 Superannuation: Delivery of product disclosure for investment strategies

CO 12/415 In-use notices for employer-sponsored superannuation

CO 14/443 Deferral of choice product dashboard and portfolio holdings disclosure regimes (see 20-315MR)

CO 14/1252 Technical modifications to Schedule 10 of the Corporations Regulations (see 19-149MR; 19-328MR; RG 97 and ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070)

ASIC Corporations (Superannuation: Accrued Default Amount and Intra-Fund Transfers) Instrument 2016/64

ASIC Corporations(Superannuation: Investment Strategies) Instrument 2016/65

ASIC Corporations (Unclaimed Superannuation—Former Temporary Residents) Instrument 2019/873 (see 19-178MR, 19-259MR  and CP 318)

REP 50 Superannuation switching surveillance: An ASIC report

REP 31 Consumer decision making at retirement

REP 28 Eligible rollover fund disclosure campaign

REP 51 Report to the Parliamentary Joint Committee on late 2004 (and early 2005) superannuation switching advice surveillance

REP 66 Monitoring advertising in superannuation

REP 69 Shadow shopping survey on superannuation advice

REP 84 Monitoring superannuation fees and costs (October 2005 to June 2006)

REP 418 Response to submissions on CP 203 Age pension estimates in superannuation forecasts: Update to RG 229

REP 591 Insurance in superannuation

REP 638 Consumer testing of the fees and costs tools for superannuation and managed investment schemes (see 19-328MR)

REP 639 Financial advice by superannuation funds (see 19-333MR)

REP 646 Insurance in Superannuation 2019–20: Industry implementation of the Voluntary Code of Practice (see 19-352MR)

REP 655 Review of member communications: Protecting Your Superannuation Package (PYSP) reforms (see 20-030MR)

REP 673 Consumer engagement in insurance in super (see 20-293MR)

REP 675 Default insurance in superannuation: Member value for money (see 20-323MR)

INFO 86 How do RSE and AFS licensing application processes work together? (see 19-175MR)

INFO 89 What can I tell my employees about making a choice of superannuation fund? (see 21-272MR)

INFO 90 Notifying members about superannuation transfers without consent

INFO 241 Prohibition on influencing employers’ superannuation fund choice: section 68A of the SIS Act (see 19-198MR and 21-272MR)

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Warrants 

RG 143 Takeovers provisions: Warrants

RG 197 Warrants: out of use notices

ASIC Corporations (Exchange-Traded Warrants) Instrument 2016/886

ASIC Corporations (Warrants: Out-of-use notices) Instrument 2019/148

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Last updated: 18/10/2021 05:52