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Ann-Marie Coleman

Author's details

Name: Ann-Marie Coleman
Date registered: 7 June 2017

Latest posts

  1. ASIC industry funding model introduced — 21 June 2017
  2. ASIC sets commission caps and clawback amounts for life insurance — 7 June 2017

Author's posts listings

ASIC industry funding model introduced

Late last year the Government announced it would introduce an industry funding model for ASIC (our previous update on this can be found here). The ASIC Supervisory Cost Recovery Levy Bill 2017 and related bills have now passed. Effective from 1 July 2017, ASIC’s regulatory costs will be recovered through annual levies from all industry …

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ASIC sets commission caps and clawback amounts for life insurance

In February this year the Corporations Amendment (Life Insurance Remuneration Arrangements) Act 2017 (the Act) was passed by Parliament, followed by the associated regulations. Our updates on these can be found here and here. The Act removed the exemption from the ban on conflicted remuneration for commissions paid in relation to certain life insurance products. …

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