ASIC, Treasury, FOS & Other Submissions

Other Regulatory & Policy Change

The AFA is often called upon by a range of stakeholders, including Treasury, ASIC, FOS, the Productivity Commission, ACCC, Austrac, Parliamentary Inquiries and other bodies to make submissions on proposed changes to legislation, regulations or regulatory guidance that impact the provision of financial advice.  Recent relevant submissions are included below:

1 November 2017 - ASIC Funding Model - Cost Recovery Implementation Statement

23 October 2017 - The Sale of add-on Insurance and Warranties through Caryard Intermediaries

4 October 2017 - ASIC's Power to Ban Senior Officials in the Financial Sector

29 September 2017 - Putting Consumers First - Establishment of the Australian Financial Complaints Authority Bill

29 September 2017 - Improving Accountability and Member Outcomes in Superannuation – Choice and Salary Sacrificing

11 August 2017 - Improving Accountability and Member Outcomes in Superannuation.

31 July 2017 - ASIC - Example SoA for Life Insurance

28 July 2017 - Inspector General of Taxation – Review into the Future of the Tax Profession 

26 July 2017 - Treasury - Industry Codes in the Financial Sector

26 July 2017 - Treasury – Strengthening ASIC’s Licensing Powers

30 June 2017 - APES Board - APES 230 Post Implementation Review

28 June 2017 - Treasury - Compensation Schemes of Last Resort

21 June 2017 - AFA Submission - Improving dispute resolution in financial services

24 May 2017 - AFA Submission - ASIC's proposal to refer banning order decisions to 'Financial Services Panels'

19 May 2017 - AFA Submission - The Federal Government's ASIC Enforcement Taskforce's review of the breach reporting system

3 May 2017 - Further AFA Submission - Productivity Commission Study on Alternative Default Super Funds Allocation Models

27 April 2017 - AFA Submission - Improving Corporate Insolvency Laws

13 April 2017 - AFA Submission - Review of the Statutory Declarations Regulations 1993

20 March 2017 - AFA Submission - Financial Product Design and Distribution Obligations and ASIC's Intervention Powers

10 March 2017 - AFA Submission - ASIC Supervisory Cost Recovery Levy Bill and Related Bills

10 March 2017 - AFA Submission - Consumer protection framework in the financial services sector

10 March 2017 - AFA Submission - Non-payment of Superannuation Guarantee Contributions 

3 March 2017 - AFA Submission - Australian Law Reform Commission's proposals and questions about elder abuse

15 December 2016 - AFA Submission - Treasury's proposals for an ASIC Industry Funding Model

2 November 2016 - AFA Submission - Productivity Commission Study on Alternative Default Super Funds Allocation Models

17 October 2016 - AFA Submission - Independent Review of the Financial System's External Dispute Resolution Framework

23 September 2016 - AFA Submission - Remuneration in Retail Banking

9 September 2016 - AFA Submission - Risk Management Systems of Responsible Entities - CP263

9 September 2016 - AFA Submission - Productivity Commission Study into the Efficiency and Competitiveness of the Superannuation System

9 September 2016 - AFA Submission - AUSTRAC's Risk Assessment of Financial Advisers Report 

7 September 2016 - Member Input - Tranche 1 of the 2016-17 Super Reform Package

2 September 2016 - AFA Submission on the Elder Abuse Inquiry

12 August 2016 - AFA Submission - Facilitating Further Innovation in  Financial Services - CP260

16 May 2016 - AFA Submission - Regulating Digital Product Advice - CP254

15 April 2016 - AFA Submission - Extended Terms of Reference for the Scrutiny of Financial Advice Inquiry

11 April 2016 - AFA Submission - Objective of Superannuation

23 March 2016 - AFA Submission to Treasury - Client Money Reforms

4 March 2016 - AFA Submission to ASIC - Review and Remediation Programs - CP247

23 November 2015 - Senate Economics Committee - The Economic Security of Women in Retirement 

19 Dec 2014 - AFA Submission to Treasury - Enhanced Register of Financial Advisers

5 December 2014 - AFA submission to the Inquiry on Scrutiny of Financial Advice

19 November 2013 - AFA Submission - Advice on SMSFs - CP216

25 October 2013 - AFA Submission - Record Keeping

21 October 2013 - AFA Submission on the performance of ASIC

11 October 2013 - AFA Independent Review of FOS

12 July 2013 - AFA Treasury Response - Self Education Cap 

26 June 2013 - AFA Submission - Super Charter

13 May 2013 - AFA Treasury Response - Concessional Contributions Caps

8 May 2013 - AFA Treasury Response - Sustaining the Super Cont Concession

7 May 2013 - ASIC Submission - Managed Discretionary Accounts