“Better get a lawyer, son
You better get a real good one”
— The Cruel Sea, “Better Get a lawyer”
Products, politics and power
The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 may represent the most significant reform of financial services since the Financial Services Reform Act.
The Bill threatens to reframe the development, distribution and enforcement of financial products and equips ASIC with a range of new enforcement options.
This presentation provides a high level introduction to the Bill.
For access to the Bill and the Explanatory Memoranda visit Treasury.gov.au.
The Consultation Period ends 15 August 2018 so if you have any views on the proposed legislation now is the time to make your views heard.