AFIA and its IPF members – Hunter Premium Funding, IQumulate, BOQ Finance, Principal Finance, Attvest, Premium Funding, Elantis and Westpac – have come together and propose to release a Code of Practice for the IPF sector.
AFIA will conduct a six-week public consultation from 16 November 2020 for stakeholders to provide feedback.
All submissions are to be sent via email to codes@afia.asn.au. Subject to ensuring no breach of privacy legislation, it is proposed that all submissions and feedback will be published on the AFIA website. If you do not wish for this to occur, please make it clear in your submission.
AFIA aims to have the Code operating by July 2021.
For more information about the Code email codes@afia.asn.au.
AFIA aims to have the Code operating
by July 2021.
The Code strengthens disclosure obligations to IPF customers to allow customer to better compare funding products and to set industry standards on arrangements between funders and brokers.
Answers to Frequently Asked Questions (FAQs) for the Insurance Premium Funding Code of Practice can be found at
the below link.
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Australian Finance Industry Association Limited [AFIA]
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