Our Latest Blog Posts
What is the meaning of Novated Leasing and Salary Sacrifice?
If you’re unsure of the meaning of Novated Leasing or Salary Sacrifice, it’s a three-way finance arrangement between you, your employer and the lease company, which is usually at your employer’s choice. A Novated Lease agreement or Salary Sacrifice agreement
Buy now and pay the price later…
Buy Now Pay Later (BNPL) services are skating on thin regulatory ice and tightening of laws could bring the party to an end. Carly Woods, founder of junk insurance and irresponsible lending refund business Get My Refund, talks about why
Compensation Available from Australian Banks & Financial Institutions After ASIC Review
As seen on 7 News, Billions of dollars in compensation have recently been made available by some of Australia’s largest banks and financial institutions, after the Australian Securities & Investment Commission (ASIC) discovered millions of customers had ‘suffered loss or
What the Corporations Amendment (Improving Outcomes for Litigation Funding Participants) Bill 2021 Means for You
In December 2020, a report was placed by the Parliamentary Joint Committee on Corporations and Financial Services. This report detailed serious concerns around both the litigation funding and overall regulation of the class action industry. There was a view that
ASIC Is Seeking Feedback on Intervention Orders for Short Term & Continuing Credit Contracts – Here’s Why
Royal Commissions, class-actions, first-hand accounts from consumers wronged by companies placing profits over service – the evidence continues to mount on the ongoing misconduct of credit, insurance and banking organisations across Australia. Now, the latest story is that ASIC is
New ASIC Regulatory Guidelines & Deferred Sales Model for Add-On Insurance
In further revolutionary changes to the insurance industry after the Financial Services Royal Commission final report, the Australian Securities and Investments Commission (ASIC) has recently released a brand-new regulatory guide (RG 275), as well as publishing ASIC (Information under the