Consultations and Review

An open door with keys hanging in the lock An open door with keys hanging in the lock

ASIC has today started a four week consultation on draft guidance about the new best interests duty for mortgage brokers. The new obligations were legislated by the Parliament in response to Recommendation 1.2 of the Royal Commission. From 1 July, the obligations will require mortgage brokers to act in the best interests of consumers and to…

Read More ASIC consults on draft guidance on the new best interests duty for mortgage brokers

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The Australian Energy Market Commission (AEMC) has acted on a request from the Hon Angus Taylor MP, Federal Minister for Energy and Emissions Reduction, to limit conditional discounts on energy deals. The draft rule comes with a recommended penalty of up to $100,000 for retailers who fail to comply. Under our proposal consumers would no longer pay unreasonable…

Read More Limiting conditional discounts on energy offers: have your say

A close-up image of smart phone app widgets A close-up image of smart phone app widgets

The Australian Government is seeking community and industry input on a voluntary Code of Practice to improve the security of the Internet of Things for consumers in Australia, including the security of everyday smart devices that connect to the internet; such as smart TVs, watches and home speakers.  With over 64 billion devices expected to…

Read More Lifting the cyber security of the Internet of Things

A person in a mobility scooter, their back facing the camera A person in a mobility scooter, their back facing the camera

Austroads, the peak organisation of Australian road transport and traffic agencies, has released a Discussion Paper on Motorised Mobility Devices (MMDs). The paper explores establishing a National Registration and Licencing Scheme and Technical Specification for MMDs, also known as powered wheelchairs or mobility scooters. The Austroads Discussion Paper AP-C107-19 makes a number of recommendations and…

Read More Austroads invites responses to Motorised Mobility Devices Discussion Paper