Submission: Inquiry into credit and financial services targeted at Australians at risk of financial hardship

Interim ban on unsolicited sale of direct life insurance and consumer credit insurance
Australian Investments and Securities Commission - Draft legislative instrument and revised Regulatory Guide 38

Consumer Action commented on a draft legislative instrument and revisions to ASIC Regulatory Guide 38: The Hawking Provisions (DraftRG38) relating to ASIC’s proposed interim ban on outbound telephone sales of direct life insurance and consumer credit insurance.The submission should be read together wit hour joint submission1with Financial Rights Legal Centre (FRLC) to ASIC Consultation Paper 317: Unsolicited telephone sales of direct life insurance and consumer credit insurance (July 2019).

You can read the full submission here [PDF].

 

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