ASIC, Treasury, AFCA & Other Submissions
Other Regulatory & Policy Change
The AFA is often called upon by a range of stakeholders, including Treasury, ASIC, AFCA, 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:
7 October 2022 – AFA Submission: Compensation Scheme of Last Resort
29 September 2022 – AFA Submission: Quality of Advice Review Submission
19 September 2022 – AFA Submission: Financial Adviser Education Standards
17 June 2022 – Joint Associations Working Group Submission: QAR – Issues Paper
10 June 2022 – AFA Submission: Quality of Advice Review – Issues Paper
28 March 2022 – AFA Submission: CP359 Update to RG263 FSCP
11 February 2022 – AFA submission: CP350: Consumer remediation: Further consultation
Click here for the Review of the quality of financial advice – Draft Terms of Reference
Click here for: Education Standards for Financial Advisers – Policy paper – issued December 2021
1 February 2022 – AFA Submission: Education Standards for Financial Advisers – Policy Paper
17 December 2021 – AFA Submission: Compensation Scheme of Last Resort
13 August 2021 – AFA Submission – ASIC Funding Levy
7 June 2021 – AFA Submission: CP340: Breach Reporting and related obligations
26 March 2021 – AFA Submission: Review of the Australian Financial Complaints Authority
12 February 2021 – AFA Submission: CP311: IDR Reporting
26 February 2021 – AFA Submission: CP335: Consumer Remediation: Update to RG 256
29 January 2021 – AFA Submission: CP333: Reference Checking & Information Sharing
29 January 2021 – AFA Submission: Pre-Budget 2021/22
25 January 2021 – AFA Submission: Regulation of Claimant Intermediaries (Claims handling)
18 January 2021 – AFA Submission: CP332 Promoting access to affordable advice for consumers
18 September 2020 – AFA Submission: SMSF Maximum number of members
10 June 2020 – AFA Submission: (Treasury) Stamping Fee Exemption Regulation
15 May 2020 – AFA Submission: (ACCC) – FSC Application for Authorisation AA10000494
16 April 2020 – AFA Submission: ASIC CP329
3 April 2020 – AFA Submission: Improving flexibility of Super for older Australians
11 March 2020 – AFA Submission: Guidance for the New Product Design and Distribution Obligations
10 March 2020 – AFA Submission: Review of APES 230 Financial Planning Services
20 February 2020 – AFA Submission on Stamping Fee Exemption
1 November 2019 – AFA Submission on Unsolicited Telephone Sales and Revised RG38 Hawking Provisions
9 October 2019 – AFA Submission on ASIC Enforcement Review Taskforce
30 September 2019 – AFA Submission on Reforms to the Sale of Add-on Insurance Products
29 August 2019 – AFA Submission on Proposed Ban of Unsolicited telephone Sales (CP317)
15 August 2019 – Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019
9 August 2019 – ASIC CP 311 – Internal Dispute Resolution: Update to RG 165
1 August 2019 – Genuine Redundancy and Early Retirement Scheme Payments
3 May 2019 – Proposed AFCA arrangements for Comparative Reporting of Complaint Data
26 April 2019 – ASIC Cost Recovery Implementation Statement
2 April 2019 – ASIC CP 308 – Review of RG 97 – Fees and Costs
1 March 2019 – Treasury Laws Amendment (Protecting Your Superannuation Package) Regulations 2019
26 March 2021 – AFA Submission: Review of the Australian Financial Complaints Authority
12 February 2021 – AFA Submission: CP311: IDR Reporting
26 February 2021 – AFA Submission: CP335: Consumer Remediation: Update to RG 256
29 January 2021 – AFA Submission: CP333: Reference Checking & Information Sharing
29 January 2021 – AFA Submission: Pre-Budget 2021/22
25 January 2021 – AFA Submission: Regulation of Claimant Intermediaries (Claims handling)
18 January 2021 – AFA Submission: CP332 Promoting access to affordable advice for consumers
18 September 2020 – AFA Submission: SMSF Maximum number of members
10 June 2020 – AFA Submission: (Treasury) Stamping Fee Exemption Regulation
15 May 2020 – AFA Submission: (ACCC) – FSC Application for Authorisation AA10000494
16 April 2020 – AFA Submission: ASIC CP329
3 April 2020 – AFA Submission: Improving flexibility of Super for older Australians
11 March 2020 – AFA Submission: Guidance for the New Product Design and Distribution Obligations
10 March 2020 – AFA Submission: Review of APES 230 Financial Planning Services
20 February 2020 – AFA Submission on Stamping Fee Exemption
1 November 2019 – AFA Submission on Unsolicited Telephone Sales and Revised RG38 Hawking Provisions
9 October 2019 – AFA Submission on ASIC Enforcement Review Taskforce
30 September 2019 – AFA Submission on Reforms to the Sale of Add-on Insurance Products
29 August 2019 – AFA Submission on Proposed Ban of Unsolicited telephone Sales (CP317)
15 August 2019 – Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019
9 August 2019 – ASIC CP 311 – Internal Dispute Resolution: Update to RG 165
1 August 2019 – Genuine Redundancy and Early Retirement Scheme Payments
3 May 2019 – Proposed AFCA arrangements for Comparative Reporting of Complaint Data
26 April 2019 – ASIC Cost Recovery Implementation Statement
2 April 2019 – ASIC CP 308 – Review of RG 97 – Fees and Costs
1 March 2019 – Treasury Laws Amendment (Protecting Your Superannuation Package) Regulations 2019
10 June 2020 – AFA Submission – (Treasury) Stamping Fee Exemption Regulation
15 May 2020 – AFA Submission – (ACCC) – FSC Application for Authorisation AA10000494
16 April 2020 – AFA Submission – ASIC CP329
11 March 2020 – AFA Submission on Guidance for the New Product Design and Distribution Obligations
10 March 2020 – AFA Submission on Review of APES 230 Financial Planning Services
20 February 2020 – AFA Submission on Stamping Fee Exemption
1 November 2019 – AFA Submission on Unsolicited Telephone Sales and Revised RG38 Hawking Provisions
9 October 2019 – AFA Submission on ASIC Enforcement Review Taskforce
30 September 2019 – AFA Submission on Reforms to the Sale of Add-on Insurance Products
29 August 2019 – AFA Submission on Proposed Ban of Unsolicited telephone Sales (CP317)
15 August 2019 – Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019
9 August 2019 – ASIC CP 311 – Internal Dispute Resolution: Update to RG 165
1 August 2019 – Genuine Redundancy and Early Retirement Scheme Payments
3 May 2019 – Proposed AFCA arrangements for Comparative Reporting of Complaint Data
26 April 2019 – ASIC Cost Recovery Implementation Statement
2 April 2019 – ASIC CP 308 – Review of RG 97 – Fees and Costs
1 March 2019 – Treasury Laws Amendment (Protecting Your Superannuation Package) Regulations 2019
15 August 2018 – AFA Submission – Design and Distribution Obligations and Product Intervention Power
30 July 2018 – AFA Submission to AFCA – AFCA Funding
13 July 2018 – AFA Submission to Productivity Commission – Superannuation
9 July 2018 – AFA Submission to SEC on Protecting Your Super
5 July 2018 – AFA Submission to APRA – Life Insurance Claims Reporting
5 July 2018 – AFA Submission to AFCA – AFCA Rules
15 June 2018 – AFA Submission on Retirement Income Covenant
1 May 2018 – AFA Submission on ASIC Fees-for-Service
12 April 2018 – AFA Submission on Oversight of AFCA
1 December 2017 – AFA Submission on Financial Literacy
17 November 2017 – Corporate Governance Requirements
17 November 2017 – Strengthening Penalties for Misconduct
17 November 2017 – AFA submission to Treasury – AFCA
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
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
26 April 2017 – AFA Submission – Improving Corporate Insolvency Laws
13 April 2017 – AFA Submission – Review of the Statutory Declarations Regulations 1993
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
15 December 2016 – AFA Submission – Treasury’s proposals for an ASIC Industry Funding Model
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 – 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
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
Please contact policy@afa.asn.au for the below documents.
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
Please contact policy@afa.asn.au for the below documents
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
