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ARTICLE · 03 MAY 2013

The financial services regulatory reform onslaught continues

Hunt & Hunt
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2013 is shaping up to be a major year for reforms and consultations in the Financial Services sector.

AustraliaFinance and Banking
Richard Williams
Richard Williams
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2013 is shaping up to be a major year for reforms and consultations in the Financial Services sector. In the last few weeks alone four announcements/releases have taken place, namely:

  • Changes to Disclosure Requirements under the National Consumer Protection Act 2009 – Treasury Discussion Paper released 8 April 2013 read more
  • Disclosure requirements for small amount credit contracts - Treasury Discussion Paper released 24 April 2013.
  • Treasury response to Phase II Submissions – Treasury Discussion Paper released 24 April 2013.

And, perhaps the biggest surprise of the lot:

  • "A review of the benchmarks for industry based consumer dispute resolution schemes" – announced by the Assistant Treasurer in media release on Wednesday 24 April 2013 read more.

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