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.  

The Morrison Government’s announcement to allow access to superannuation for first home buyers to fund a deposit will undermine the purpose of the superannuation system and could force up to 5.3 million young Australians to decide between owning a home or their retirement savings.

Welcome to Issue 62 of the FSC Policy Update.

With the 2022 election having been called on the weekend, the campaign period will see the FSC take stock in preparation for the outcome.

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.  

The FSC has had success in advocating for changes to the unfair contract terms regime so that it appropriately caters for life insurance.

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