The Federal Government’s novel approach to tackling housing insurance affordability issues in North Queensland continued this week with the unveiling of ASIC’s home insurance comparison website. Replete with disclaimers and emphasising product features over policy price, the website is intended to aid consumer understanding and decrease underinsurance in a market struggling under flood and wind
On 19 February 2015, we reported on ASIC enforcement actions in the second half of 2014.
ASIC has since updated its regulatory guidance on enforceable undertakings (RG 100). The updated guidance will apply to enforceable undertakings accepted by ASIC from 9 March 2015.
The changes made to the guidance centre primarily around the engagement of
ASIC has recently released its quarterly enforcement report detailing enforcement outcomes between 1 July 2014 and 31 December 2014. The report addresses the range of criminal and civil action taken by the regulator, and highlights action taken against companies and directors resulting in criminal charges which were most significant during the period.
In addition, significant