Corporations Point-in-Time Service Updates
Tuesday 20 April 2021 @ 9.16 a.m.
The Corporations Point-in-Time Service has been updated to include the Financial Sector Reform (Hayne Royal Commission Response) (Claimant Intermediaries) Regulations 2021 (Cth).
Financial Sector Reform (Hayne Royal Commission Response) (Claimant Intermediaries) Regulations 2021
These Regulations amend the Corporation Regulations 2001 to exclude certain parties from the claimant intermediary definition when handling insurance claims. The parties are to be excluded, as handling claims are typically not their core business and they often do so for no monetary benefits. This will avoid the unnecessary regulatory burden of requiring these parties to obtain an Australian financial services licence.
These amendments have been updated in the Point-in-Time Corporations Service current to 19 April 2021. (NB: subscription required).