Published: 23 Feb 2022
ISA welcomes the efforts made by ASIC to expand its guidance on consumer remediation to all Australian Financial Services (AFS) licensees.
In our view, however, the proposed guidance still fails to adequately address how trustees’ obligations under the Superannuation Industry (Supervision) Act 1993 (SIS Act) and trust law interact with aspects of the proposed remediation framework.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.