Australian Securities and Investment Commission

Australian scam victims left behind as UK puts responsibility on banks to reimburse customers

In a world first, the UK Parliament this week passed legislation that will protect banking customers from the losses they experience as a direct result of being tricked by scammers. British banks a...

Anti-avoidance provisions for credit product intervention orders

This is a joint submission made on behalf of: • Consumer Action Law Centre • Financial Rights Legal Centre • Indigenous Consumer Assistance Network • Financial Counselling Australia • WEstjusti...

Australian Securities and Investments Commission – inquiry into investigation and enforcement conduct

Effective enforcement action is a critical task of consumer protection regulators and essential to a well-functioning consumer market. In recent years, ASIC has completed a significant amount of meani...

People should get their money back quicker and more easily following new ASIC guidance, say consumer advocates

The Australian Securities and Investment Commission (ASIC) has today published updated and revised remediation guidance for financial firms with the goal of treating wronged customers fairer and ensur...

Quality of Advice Review: Proposals Paper

Australians who seek financial advice have the right to expect that the advice they receive will be independent, high quality and in their best interests. Poor financial advice has lasting impacts on...

Quality of Advice Review proposal: A major step backwards in consumer financial protection

Consumer groups have responded to the Quality of Advice Review’s proposal to dismantle core consumer protections Quotes attributable to Consumer Action Law Centre CEO Gerard Brody “One of the si...

“A decade-long disgrace”: Thousands likely remain uncompensated by the Freedom Insurance Remediation program

The Australian Securities and Investment Commission revealed today that it is likely thousands of customers remain entitled to an unclaimed refund from the Freedom Insurance Remediation Program. “...

Banks can do more to stop scams say consumer advocates

Australia’s banks can do much more to stop the plague of scams that is destroying families and costing the economy more than $2 billion annually. That’s the message from consumer advocates in response...

ASIC litigation against payday lender: new Federal Government must deliver overdue reform

Consumer Action has welcomed the Australian Securities and Investment Commission’s (ASIC) announcement that it is suing Sunshine Loans for breaches of the National Credit Code for charging unlawful fe...

ASIC litigation against fictitious high-cost ‘leases’ protects against exploitation

Consumer Action has welcomed the Australian Securities and Investment Commission’s (ASIC) announcement that it has sued Rent4Keeps and Layaway Depot for breaches of the National Credit Code involving...

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Australian scam victims left behind as UK puts responsibility on banks to reimburse customers

Anti-avoidance provisions for credit product intervention orders

Australian Securities and Investments Commission – inquiry into investigation and enforcement conduct

People should get their money back quicker and more easily following new ASIC guidance, say consumer advocates

Quality of Advice Review: Proposals Paper

Quality of Advice Review proposal: A major step backwards in consumer financial protection

“A decade-long disgrace”: Thousands likely remain uncompensated by the Freedom Insurance Remediation program

Banks can do more to stop scams say consumer advocates

ASIC litigation against payday lender: new Federal Government must deliver overdue reform

ASIC litigation against fictitious high-cost ‘leases’ protects against exploitation

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