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Submission on ASIC CP 350 consumer remediation

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.

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