ASIC Product Intervention Order: Sale of add-on financial products through caryard Intermediaries - Further Consultation

by AFIA

19 August 2020

AFIA encourages ASIC not to issue its product intervention order on the sale of add-on insurance products through caryard intermediaries. Instead AFIA considers that the sale of add-on insurance is now appropriately regulated through the Financial Sector Reform (Hayne Royal Commission Response) Act which establishes an industry-wide deferred sales model (DSM) for add-on financial products.

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