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
SUBSCRIBE TO THE IFA DAILY BULLETIN
23 Nov 2017FPA releases fintech whitepaperBy Killian Plastow
23 Nov 2017NowInfinity appoints new national sales directorBy Staff Reporter
23 Nov 2017CPA saga ‘spooks’ TPB approvalsBy Aleks Vickovich
23 Nov 2017Beware disruption ‘hype’, FinPal warns advisersBy Aleks Vickovich
22 Nov 2017Vanguard announces new ETF suiteBy Staff Reporter
22 Nov 2017ASIC cancels AFSL of Financial StewardsBy Staff Reporter
- view all