Assistant Treasurer Kelly O'Dwyer introduced the Life Insurance Framework reform legislation into Parliament this morning
Speaking in the House of Representatives, Ms O'Dwyer introduced the bill to amend The Corporations Act 2001 which she said "will better align the interests of financial advisers who sell life insurance products to their consumers".
The bill is now scheduled for further debate during the next sitting of parliament.
ifa reported on Wednesday that the controversial legislation was to be introduced this week.
More to come
Financial advisers won’t get any relief from the $20 million subsector cap; however, the revised estimate for FY2025-26 ...
The corporate regulator said it is “considering what options” it has to hold super trustees, such as Macquarie and ...
In what Wealth Data has described as a “bloodbath”, adviser losses for the end of June have come in 143 per cent higher ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin