We have extended the legislative relief that allows insurers and their representatives to give emergency payments to consumers, in certain circumstances, without first giving them a Cash Settlement Fact Sheet. We conducted a review of the appropriateness of the relief and have decided to extend the relief with one minor amendment. Check the first comment to read more.
ASIC
政府管理
Sydney，NSW 181,864 位关注者
ASIC is Australia's corporate, markets, financial services and consumer credit regulator.
关于我们
ASIC is Australia's corporate, markets, financial services and consumer credit regulator. Our vision is for a fair, strong and efficient financial system for all Australians. ASIC uses social media to communicate and engage with the public and our stakeholders about our programs and work. We welcome user interaction on ASIC's official social media accounts. As a participant on any of ASIC's social media accounts, you agree to: ? keep your content relevant to the topic and discussion; ? use fair and respectful language and be courteous; ? refrain from offensive language, or language that amounts to discrimination, a threat or harassment; ? refrain from the promotion of any commercial products/services; ? refrain from posting personal, private or confidential information; ? refrain from breaching the intellectual property rights of others; ? not impersonate other people or organisations; ? not promote illegal or unethical behaviour; ? be aware that social media is a public space, and all interaction is publicly viewable and searchable over time; ? recognise that ASIC moderates its accounts, and any comments and contributions that do not comply with these rules may be removed, and where users continually breach the rules, or breach the rules in a significant way, may be removed and banned from ASIC's account; ? recognise that contributions made by users or links or shared content posted by ASIC do not necessarily represent ASIC's views; and ? adhere to the usage rules and standards set by the host site (e.g. Facebook, Twitter, LinkedIn) of this social media account. Questions and enquiries of a sensitive nature should be sent directly to ASIC, and not posted on social media. This will protect your personal information and allow ASIC to reply more promptly. More information about how to contact us is available on at www.asic.gov.au Journalists or organisations seeking official comment must contact ASIC's Media Unit: [email protected]
- 网站
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https://www.asic.gov.au
ASIC的外部链接
- 所属行业
- 政府管理
- 规模
- 1,001-5,000 人
- 总部
- Sydney，NSW
- 类型
- 政府机构
- 创立
- 1991
地点
ASIC员工
动态
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?? Important Update: Driving Better Outcomes for Superannuation Members ?? We are stepping up efforts to improve the handling of death benefit claims by superannuation trustees. Recent actions emphasise the need for trustees to prioritise transparency, fairness, and efficiency in serving their members. Key Highlights: ?? We have written to superannuation CEOs, urging them to review and improve death benefit claims processes. ?? We are encouraging the to focus on ensuring trustees gather and analyse data for better claimant outcomes. ?? This is part of our multi-year project to enhance trustee administration and member contact centre practices. An industry review report with detailed insights is expected in early 2025. ?? ASIC is committed to holding the sector accountable. Last week, we initiated civil penalty proceedings against United Super Pty Ltd for alleged member services failures. ?? Why It Matters: Improving member services in the superannuation sector isn’t just a regulatory priority—it’s about ensuring fairness and care for members during critical life moments. Read more about our commitment to safeguarding superannuation members ?? in the first comment #Superannuation #ASIC #MemberFirst #Transparency #Accountability #Regulation
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Speaking at the ASFA Conference 2024, ASIC Commissioner Simone Constant highlighted that ensuring accountability of superannuation trustees will be a significant focus for ASIC over the next year. Simone said ASIC has written to the CEOs of every superannuation trustee, urging them to act now to review how they handle insurance claims for death benefits or total and permanent disability and address any deficiencies. Check the first comment to read more. ASFA | The Voice of Super #asfaconference
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National Australia Bank (NAB) failed 345 of its customers at their most vulnerable when they applied for hardship support from the bank, according to documents filed by ASIC in the Federal Court today. ASIC alleges that between 2018 and 2023, NAB and its subsidiary AFSH Nominees Pty Ltd did not respond to 345 hardship applications within the 21-day timeframe required by law. Check the first comment to read more. #FinancialHardship
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Deputy Chair Sarah Court has today announced our 2025 enforcement priorities at the ASIC Annual Forum 2024. Here's what you need to know:
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“Looking at the current legislative and regulatory landscape…we don’t do simplicity well in Australia” Chair Joe Longo opens the ASIC Annual Forum 2024 and announces a new Simplification Consultative Group to tackle regulatory complexity, made up of consumer advocates, business leaders and directors. See more via link in comments
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ASIC Chair Joe Longo is included in the 2024 TIME100 Climate list. See the full list: https://brnw.ch/21wOA7r #TIME100Climate #Sustainability #Regulation
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We have begun proceedings against Cbus alleging systemic claims handling failures. More than 10,000 members and claimants were allegedly impacted by delays with death benefits and total and permanent disability insurance claims, which took more than 90 days to be processed. We allege that from September 2022, United Super, the trustee of the Construction and Building Unions (Cbus) Superannuation Fund, failed to act efficiently, honestly and fairly in its handling of these claims. Check the first comment to read more.
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We have released a draft regulatory guide on the sustainability reporting regime for consultation with stakeholders. Commissioner Kate O’Rourke said: ‘Our focus for this regulatory guide is to assist preparers of sustainability reports to comply with their obligations so that users are provided with high-quality, decision-useful, climate-related financial disclosures that comply with the law and the sustainability standards.’ Feedback on the consultation is due by 19 December. Check the first comment to read more. #SustainabilityReporting
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ASIC转发了
Scammers are currently targeting the community in relation to the upcoming myID changes ?? From mid-November myGovID is changing to myID, but how you use it will stay the same. You don’t need to do anything to prepare for the change. ?? You don’t need to set up a new myID or reconfirm your details as part of this change. If you are asked to do this, it is a scam.
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