Regulation of Direct Offshore Foreign Insurers – Draft Regulations |
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Date: |
Thursday, 29 May 2008 | ||||||||
Content ID: |
1382 | ||||||||
Abstract: |
On 8 April 2008, the Assistant Treasurer announced the limited exemption arrangements that would apply under the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007. The Assistant Treasurer also announced that data would be collected from AFSL holders in relation to business placed with discretionary mutual funds and direct offshore foreign insurers and that consumer protection would be enhanced. The draft regulations set out the data collection arrangements and consumer protection measures. Data collection from AFSL holders will now commence from 1 October 2008. Submissions are invited on the draft regulations and explanatory material. Submissions may be lodged electronically, by post or facsimile. Please indicate if the submission is confidential. Submission closing date: 2 June 2008 Address written submissions to: Regulation of Direct Offshore Foreign Insurers – Draft Regulations Fax: 02 6263 3866 |
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Documents Available: |
 Acrobat (PDF)Draft Corporations Amendment Regulations 2008 31.58kbDraft Financial Sector (Collection of Data) Regulations 2008 13.16kb Explantory Statement for DOFI Consumer Protection Regulations 49.62kb Explantory Statement for FSCODA Regulations 23.18kb |
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