Articles

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Category
Industry

As a credit licensee, can you sign the Annual Compliance Certificate?

Wednesday, 18 December 2019
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Fiona McCord

Senior Associate

If you are a credit licensee, you must lodge an annual compliance certificate with ASIC within 45 days of your licensing anniversary each year.  Your licensing anniversary is the anniversary…...

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I’m a Responsible Manager. What does this mean?

Monday, 25 November 2019
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Samantha Hills

Senior Associate

We regularly train Responsible Managers (“RMs”) of AFS licensees to help them better understand their role.  Many RMs are curious to know what they have to do and whether they…...

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Federal Court dismisses ASIC’s test case against Westpac on Responsible Lending

Friday, 08 November 2019
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Jesse Vermiglio

Partner

In early August, Justice Perram of the Federal Court dealt ASIC a significant blow by dismissing its case that Westpac had breached responsible lending laws. In some ways, the decision…...

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12 Problem Words for Financial Services Promotional Materials

Friday, 25 October 2019
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David Court

Partner

Whatever your financial services business model, you are legally responsible for the content of the promotional material that you publish or otherwise make available in the public arena. This blog…...

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10 easy steps to draft ‘clear, concise and effective’ Statements of Advice

Thursday, 17 October 2019
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Zoe Higgins

Senior Associate

Financial advisers are required to provide Statements of Advice (SOAs) that are “clear, concise and effective”. But what does this actually mean in practice? We share some tips and identify…...

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Top 10 Mistakes Credit Licensees are making – and how to prevent them

Thursday, 17 October 2019
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Zoe Higgins

Senior Associate

We have put together a list of the most common mistakes licensees make that we have seen, and how to avoid them. Although some of these are specific to the…...

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APRA regulatory reporting for general insurance providers

Thursday, 17 October 2019
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David Court

Partner

Are you an AFSL holder and authorised to deal in general insurance? If so, you should be aware of your obligations to provide data to APRA every six months by…...

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AFCA: A fair worry

Tuesday, 08 October 2019
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Zoe Higgins

Senior Associate

When I was in my second or third year of law school, I remember having to read some EDR scheme decisions to answer the following question: “What role do considerations…...

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10 tips to keep your promotional material from being misleading or deceptive

Monday, 07 October 2019
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Rachel Erlich

Senior Associate

Whether your business provides financial services, credit services or anything else, you are legally responsible for the content of the promotional material that you publish, or otherwise make available, in…...

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