FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020 (NO. 135, 2020)
Table of Provisions
- 1 Short title
- 2 Commencement
- 3 Schedules
- SCHEDULE 1 Enforceable code provisions
- SCHEDULE 2 Insurer avoidance of life insurance contracts, and duty to take reasonable care not to make a misrepresentation
- SCHEDULE 3 Deferred sales model for add-on insurance
- SCHEDULE 4 Caps on commissions
- SCHEDULE 5 Hawking of financial products
- SCHEDULE 6
- SCHEDULE 7 Claims handling and settling services
- SCHEDULE 8 Trustees of registrable superannuation entities should have no other duty
- SCHEDULE 9 Adjustment of APRA and ASIC's roles in superannuation
- SCHEDULE 10 Reference Checking and Information Sharing Protocol
- SCHEDULE 11 Breach reporting and remediation
- SCHEDULE 12 Statutory obligation to cooperate and formalising ASIC meeting procedures