Industry Insights
Regulating crypto in Australia
More than 800,000 Australians have transacted in digital assets over the past three years. However, due to regulatory uncertainty, growth in retail investment in digital assets has led to concerns that retail consumers are without adequate consumer protections.
Financial Fraud and Regulating Google and Facebook
Major digital platforms such as Google and Facebook have been under greater scrutiny over the way their services, particularly through targeted advertisements and taking advantage of algorithms, can be used to spread misinformation.
2022 federal election called
With the 2022 election having been called on the weekend, the campaign period will see the FSC take stock in preparation for the outcome.
Clarification of application of unfair contract terms regime
The FSC has had success in advocating for changes to the unfair contract terms regime so that it appropriately caters for life insurance.
Life Insurance Framework
Treasury’s Quality of Advice review will determine the policy settings of life insurance for years to come and show that the Life Insurance Framework has been an effective reform that has protected consumer outcomes.