Wednesday 05 Jul 2017

FCRC's response to ASIC class orders consultation

ASIC recently began a review of its financial counselling licensing relief. The purpose of the review is to consider whether the license relief requirements are working and whether they should be extended. As part of this process, ASIC released a consultation paper which sets out ASIC's proposal to remake these instruments. You can access the consultation paper here.

FCRC have submitted a response to the ASIC consultation on its class orders (financial counselling licensing relief).

In our response, which supports in broad terms ASIC's proposal to remake the class order without significant changes, we have recommended the inclusion of a practice note to clarify the wording around member eligibility.

We invite you to read our response here.